Marcus & Millichap Arranges Sale of Just Brakes Building in Cape Coral, FL for $1.84 Million

Just Brakes Building, 1820 South Del Prado Boulevard, Cape Coral, FL

Barry M. Wolfe

 CAPE CORAL, FL, July 7, 2015 – 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 Just Brakes, a 4,428-square foot net-leased property located in Cape Coral, Fla, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office.

 The asset sold for $1,840,000 equating to $416 per square foot.

Barry M. Wolfe, a vice president investments, and Alan Lipsky, an associate, in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer was a private investor from Huntington Station, NY.

“The building was completely renovated for Just Brakes who took occupancy in June 2015 under a 15-year NNN lease,” says Wolfe. “We are currently marketing two other Just Brakes properties located in strong retail corridors in Leesburg and Tampa, Fla.”

Just Brakes is located at 1820 South Del Prado Boulevard in a busy retail corridor with surrounding national retailers that include: Staples, Publix, Walgreens, Walmart Supercenter and many more.

For a complete copy of the company’s news release, please contact:

Ryan Nee

Regional Manager, Fort Lauderdale

(954) 245-3400