Detroit investor buys Venice grocery property for nearly $15M

A Sprouts Farmers Market anchored retail property in Venice has sold to a Detroit investor.

The single-tenant parcel is at 1120 Jacaranda Blvd. just south of Interstate 75. According to SRS Capital Markets, which represented the seller and announced the deal, says it sold for $14.8 million.

The deal, the firm says, was part of a 1031 Exchange. It was previously owned by Ohio developer Casto…

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