Thursday, October 22, 2015

Marcus & Millichap Arranges $775,000 Sale of NAPA Auto Care Site in Tampa, FL

James Medefind
TAMPA, 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 NAPA Auto Care, a 2,250-square foot net-leased property located in Tampa, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $775,000.

James Medefind, senior associate, and James Garner, associate, both in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer was secured and represented by Ahmed Kabani, vice president investments, in the firm’s Miami office. 

This 2,250-square foot NAPA Auto Care Center is located just off of busy Interstate 275 at 10156 North Florida Avenue in Tampa, Florida. It is surrounded by national retailers such as Walmart, Family Dollar, Home Depot, CVS and Dunkin Donuts, among others.

The property is north of downtown Tampa and only three miles from the University of South Florida campus, which is the fourth largest university in the state of Florida. This NAPA Auto Care Center offers both oil change and auto repair services and has operated at this location since 2007. There are seven years remaining on the lease and two options.

“Through our network of investors and Marcus & Millichap’s national platform, we were able to secure nine offers throughout our marketing process, and ultimately closed with an international investment group,” said Garner. “This is yet another example of our ability to maximize exposure, drive multiple offers and attract qualified investors with out of area capital for our clients.”
For a complete copy of the company’s news release, please contact:

Richard D. Matricaria
Vice President/Regional Manager,
Tampa, FL

(813) 387-4700

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