Thursday, January 28, 2016

Marcus & Millichap Arranges Sale of Parkway Plaza in Fort Myers, FL for $2.9 Million

FORT MYERS, 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 Parkway Plaza, a 57,891 square foot industrial property located in Fort Myers, Fla., according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold for $2,900,000.

C. Todd Everett
“Parkway Plaza is an excellent flex industrial investment opportunity with its ample acreage, functional design, and superior distribution access in a desirable light industrial corridor,” says Everett. “We received multiple offers and closed just under list price at $50 per square foot.”

C. Todd Everett, a senior associate, and Douglas K. Mandel, a senior vice president investments, both in Marcus & Millichap’s Fort Lauderdale office, represented the seller, a limited liability company from Tampa, Fla., and the buyer, a private investor from Palm Beach, Fla.

Parkway Plaza is a 57,891 square foot, three-building office/flex plaza occupied by a variety of tenants including LifeTouch, Burch Corporation and Omnicare. The property also includes a land parcel approved for an 18,835-square foot flex building. 

The three buildings were constructed between 1986 and 1990 and recently underwent substantial renovation including roof replacement/resealing, exterior painting, and unit interior and air-conditioning upgrades.

Parkway Plaza is located at 10231 Metro Parkway, just south of Colonial Boulevard between U.S. 41 and Interstate 75

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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