Julia Pappacoda
In a sign of the continued improvement of the Central Florida retail market, Caerus Capital Partners, LLC, has purchased the Palm Bay Commons retail center for $1.35 million from PWREO Palm Bay Commons, LLC. The 9,000-square-foot multi-tenant strip center sits on .91 acres of land at 1105 Palm Bay Road in Melbourne. The center is 100-percent leased by tenants Mattress One, L.A. Tan and a local sushi restaurant.
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