Friday, January 6, 2012

Marcus & Millichap Facilitates $2 Million Sale of Gonzalez Office Complex in Pensacola, FL

PENSACOLA, FL, Jan. 6, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Gonzalez Office Complex (top left photo), a 17,394-square foot office complex located in Pensacola, Florida, according to Bryn D. Merrey, vice president and regional manager of the firm’s Tampa office.

The asset commanded a sales price of $2,000,000.

Leon Brockmeier (middle right photo) and Patrick O’Halloran (lower left photo), retail specialists in the firm’s Tampa and Atlanta offices, had the exclusive listing to market the property on behalf of the seller, a developer based out of Pensacola, Florida.

Gonzalez Office Complex is located at 1115 East Gonzalez Street.  The property was formerly a Winn-Dixie supermarket originally built in 1950. 

The sellers redeveloped the site from retail to office and they were also the original developers. The property is currently 100 percent occupied with a great complementary mix of tenants that includes attorneys, architects, realtor and a V.A. office.

“We had several offers on the property during the listing period, and the transaction closed with a local owner” says Brockmeier.

 “The property has been renovated several times over the years and is in great shape. The condition and location were major factors in the sale of the asset.”

Press Contact:
Bryn D. Merrey
Vice President/Regional Manager, Tampa
(813) 387-4700

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