Monday, January 11, 2016

Marcus & Millichap Brokers $1.6 Million Sale of Dollar General Site in Gainesville, FL

Alan Lipsky
GAINESVILLE, FL, Jan. 11, 2016 – 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 Dollar General, a 9,000-square foot net-leased property located in Gainesville, Fla., according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold for $1,622,000 equating to $180 per square foot.

Barry M. Wolfe, a first vice president investments, and Alan Lipsky, an associate, both in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Fernandina Beach, Fla.  

The buyer was a private investor from Bellevue, WA.  Over the past 12 months Wolfe and Lipsky have aggressively marketed and sold over 55 properties with a value exceeding $200 million.

Built in 2009, Dollar General is conveniently located off U.S. Highway 441, one-half mile from the University of Florida (UF).  Due to the close proximity to the University, the Dollar General is in a high traffic residential area with numerous apartment buildings and housing for UF students. 

With the local Publix and Walmart more than three miles away, this Dollar General serves as a primary retailer for grocery and everyday items for the local residents.

Dollar General is located at 2112 SW 13th Street in Gainesville, Fla.

   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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