Saturday, August 4, 2012

Marcus & Millichap Sells 3,293 SF Office Building in Melbourne, FL


MELBOURNE, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of single-tenant Melbourne medical office, a 3,293 square-foot office property located in Melbourne, FL, according to Richard D. Matricaria, Regional Manager of the firm’s Orlando office.

The asset commanded a sales price of $1,150,000.

Justin West (lower left photo), an investment specialist in Marcus & Millichap’s Orlando office, had the exclusive listing to market the property on behalf of the seller, a bank/financial institution. 

The buyer, a private investor, was secured and represented by Robert Granda and Douglas Mandel (middle right photo) investment specialists in Marcus & Millichap’s Ft. Lauderdale office. 

Melbourne Medical Office is located at 7775 Wickham Road.  Built in 1999 and converted to a medical office building in 2006, the subject has a red brick facade with ample parking and excellent frontage on Wickham Road in Melbourne, Florida. 

This single-story building is 100 percent occupied with an absolute-net lease in place until 2021, and is conveniently located only one mile from Viera Mall, one mile east of Interstate 95, two miles to US 1 and eight miles to Patrick Air force Base.

For a complete copy of the company’s news release, please contact:

 Richard D. Matricaria
Regional Manager, Orlando
(407) 557-3800

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