 |
| FedEx/AT&T Building, Doral, FL |
DORAL, FL, Oct. 7, 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 FedEx /
AT&T, a 9,849-square foot net-leased property located in Doral, Fla.
The asset sold for $4,650,000.
Alex D. Zylberglait, a first vice president
investments in Marcus & Millichap’s Miami office, had the exclusive listing
to market the property on behalf of the seller, a limited liability company
from St. Pete Beach, Fla. The buyer, a
limited liability company from Aventura, Fla, was also secured and represented
by Zylberglait.
 |
| Alex D. Zylberglait |
“I’m seeing more local investors focus on assets in suburban
locations. Many of these buyers prefer single-tenant properties with long-term
leases; however, because of intense competition, low yields and a lack of
listings, some investors are looking to small strip centers along major
thoroughfares that are not management intensive,” says Zylberglait.
The 9,849-square foot building is situated on 1.6 acres and
is leased to FedEx Office and AT&T Mobility under double-net terms with
landlord responsible for roof and structure.
“This location serves the high-income residential community
of Doral Park and Costa del Sol. The daytime employment population is very
strong with many office parks east of the property as well as industrial parks
to the west,” he adds.
Located along NW 41st Street, the area’s main retail
corridor, the property is centrally located between the Palmetto Expressway and
Florida’s Turnpike. FedEx / AT&T is
located at 10003/5 NW 41st Street in Doral, FL.
For a complete copy of the company’s news release, please
contact:
Kirk A. Felici
First Vice President/Regional Manager
Miami, FL
(786) 522-7000
No comments:
Post a Comment