Saturday, January 24, 2015

Marcus & Millichap arranges sale of rosemont plaza in orlando, fl for $6.2 million


Douglas K. Mandel
 ORLANDO, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Rosemont Plaza, a 99,103-square foot retail property located in Orlando, Fla, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office.

The asset sold for $6,200,000.

Douglas K. Mandel, a first vice president investments, and Barry M. Wolfe, a vice president investments, in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, an affiliate of Ram Realty Services.

 The buyer, a partnership from Opa Locka, Fla, was secured and represented by Jason N. Yukins, a senior associate, in Marcus & Millichap’s Fort Lauderdale office.

 “The property’s location and potential for lease upside make Rosemont Plaza an excellent investment opportunity. Orlando is one of the fastest growing cities in the nation and is ranked among the top ten business locations in the country” says Wolfe.

Barry M. Wolfe
Rosemont Plaza is a 99,103-square foot retail center located on more than 10 acres.  The property is currently 79 percent leased to a variety of local and national tenants such as dd’s Discounts, Save-a-lot food stores, Dollar Tree and Hungry Howies. The building was constructed in 1985 and extensively renovated in 2012.

Rosemont Plaza is approximately three-miles west of Interstate 4 and five miles north of the East–West Expressway offering convenient access to all of Orlando and the surrounding area, as well as the Florida Turnpike. 

The property is located at 5800 North Orange Blossom Trail in Orlando, 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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