Wednesday, October 21, 2015

Fran Murphy Interiors Warehouse in Riviera Beach, FL Sold for $1.62 Million; Deal Arranged by Marcus & Millichap

C. Todd Everett
RIVIERA BEACH, 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 Fran Murphy Interiors Warehouse, an 18,808-square foot industrial property located in Riviera Beach, Fla., according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold for $1,629,495.

C. Todd Everett and Brian L. Rosen, senior associates in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor in Juno Beach, Fla.  The buyer was a limited liability company from Riviera Beach, Fla.

“There is a limited amount of available single-tenant owner/user buildings in this high-demand size range,” says Everett. “This sale represented an opportunity to acquire a property in the largest industrial submarket in Palm Beach County with direct access to major roadways and convenient proximity to the Port of Palm Beach.”

“Fran Murphy Interiors has operated from this location for over 20 years and are leasing back approximately 7,930 square feet of the property,” adds Rosen.

Constructed in 1997, Fran Murphy Interiors Warehouse is a class “B”, single-tenant industrial-warehouse property. The Fran Murphy Building sits on 1.39 acres at 8420 Resource Drive between Blue Heron Blvd. & Northlake Blvd, with direct frontage on I-95.

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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