Sunday, September 23, 2012

Marcus & Millichap Sells 83,340-SF Retail Building in Kissimmee, FL for $9.55 Million



KISSIMMEE, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Kissimmee Korners (top left photo), an 83,340 square-foot retail property located in Kissimmee, FL. The asset commanded a sales price of $9,550,000.


Vice President Investments Douglas K. Mandel (lower right photo) in Marcus & Millichap’s Fort Lauderdale office and Senior Associate Mark Thompson in the firm’s Orlando office had the exclusive listing to market the property on behalf of the seller, an individual/personal trust from Boca Raton, FL.  The buyer, an individual/personal trust from Canada, was also secured by Mandel and Thompson.  

“The underlying real estate provides the buyer a proven net operating income, while at the same time offering diversity among the tenant mix and a core location on one of the main thoroughfares in the area,” says Mandel.  Kissimmee Korners’ tenants include: Budget Rent-A-Car, Little Caesars, United Legacy Bank and state government offices. 

Kissimmee Korners is located at 1507 N John Young Parkway in Kissimmee, FL. 

Press Contact:

Gregory Matus
Vice President/Regional Manager,
Fort  Lauderdale, FL
(954) 245-3400

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