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| Lori Schneider |
PLANTATION, FL, Aug. 11, 2014 – Marcus & Millichap
(NYSE: MMI), a leading commercial real estate investment services firm with
offices throughout the United States and Canada, today announced the sale of a
3,900-square foot, McDonald's ground lease in Plantation, FL.
The asset sold
for $3,600,000 representing $923 per square foot.
Lori Schneider, a senior vice president investments,
in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing
to market the property on behalf of the seller, a partnership from Plantation,
FL.
“This ground lease procured a price higher than average rent
because of the property's location in a popular, dense suburban market. The tenant also has a proven sales history
at this location,” says Schneider. Schneider also recently listed and sold two
McDonald’s in North Carolina: a 4,449-square foot McDonald’s in Swansboro, NC
for $1,100,000 and a 3,300-square foot McDonald’s in Spring Lake, NC for
$1,052,632.
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| McDonald's, 1351 South University Drive, Plantation, FL |
“The high demand for quality, credit net-leased properties
is outpacing the current supply, creating a narrow margin in cap rates in both
large and small markets,” she adds.
McDonald's is located at 1351 South University Drive in
Plantation, FL.
For a complete copy of the company’s news release, please
contact:
Ryan Nee
Regional Manager
Fort Lauderdale, FL
(954) 245-3400
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