Friday, September 28, 2012

Marcus & Millichap Sells 2,370-SF Taco Bell in Delray Beach, FL for $2.55 Million

DELRAY BEACH, FL, Sept. 28, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a Taco Bell, located in Delray Beach, FL, according to Kirk A. Felici (lower left photo), First Vice President/Regional Manager of the firm’s Miami office. The asset commanded a sales price of $2,550,000.

Senior Associate Gabriel Britti (top right photo)in Marcus & Millichap’s Miami office had the listing to market the property on behalf of the seller, a private investor from Hollywood, FL.  The buyer, a limited liability company from Miami Beach, FL, was also secured and represented by Britti. 

“There is a very strong demand for South Florida net leased assets, especially those with strong intrinsic value. It is difficult to keep net leased assets in the tri-county area in stock and multiple offers were procured on this asset within the first couple weeks of marketing,” said Britti. 

Taco Bell is located at 240 Linton Blvd in Delray Beach.

Press Contact:

 Kirk A. Felici
First Vice President/Regional Manager,
(786) 522-7000

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