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| Ben Tashakorian |
NORTH PALM BEACH, FL – Marcus & Millichap (NYSE: MMI),
the nation’s largest real estate investment firm, has announced the sale of Ruth
Chris Steak House, a 7,553 square-foot net-leased property located in North
Palm Beach, FL, according to John Vorsheck, regional manager of the firm’s San
Diego office. The asset sold for $4,140,000.
Ben Tashakorian, an investment specialist in Marcus
& Millichap’s San Diego office, had the exclusive listing to market the
property on behalf of the seller, a private investor.
The buyer, a private investor, was secured and represented
by Ben Tashakorian. Kirk Felici, Broker, assisted in closing this
transaction. The Marcus & Millichap approach facilitated a market which
both strengthened the offer and qualified the buyer. This investment is a Pride
of Ownership Trophy Property.
Ruth Chris Steak House is located at 661 US Highway 1 in
North Palm Beach, FL, across from The Village of North Palm Beach, a
residential community with a population of 12,582 and home to a Jack Nicklaus
Signature Golf Course.
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| Kirk Felici |
As a result of the
excellent location on this major commercial thoroughfare, the traffic count in
the immediate is over 28,700 vehicles per day.
National tenants in the surrounding area include Sun Trust
Bank on the southwest corner, National City Bank, Bank Atlantic, Publix,
Riverside National Bank, Subway Sandwiches and Salads and The United States
Postal Service.
For a complete copy of the company’s news release, please
contact:
John Vorsheck
Vice President
San Diego, CA
(858) 373-3100
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