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| Todd Cohen |
LONGWOOD, FL, Aug. 13, 2015 – Marcus & Millichap (NYSE:
MMI), a leading commercial real estate investment services firm with offices
throughout the United States and Canada, has arranged the sale of a
67,775-square-foot single-tenant office building in Longwood, Fla.
The asset
sold for $10,370,000, which equates to $153 per square foot.
Todd Cohen,
an investment sales specialist with more than 20 years in commercial real
estate, along with Kirk D. Olson and
Drew A. Kristol, vice presidents
investments, all in Marcus & Millichap’s Miami office, represented the
seller, a private investor. Cohen procured the buyer, a billion-dollar fund of
single-tenant assets.
“This was an opportunity
to acquire an improved office building occupied by an investment-grade tenant
with a brand new 10-year lease,” says Cohen. “The sale includes additional land
for the development of a 15,000-square-foot building that provides expansion
options for the existing tenant.”
The building is occupied
by a prominent tenant that has occupied the building since it was built in
1983. The property is located at 140 Wekiva Springs Road in Longwood.
For a complete copy of the company’s news release,
please contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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