Saturday, January 16, 2016

Marcus & Milllichap Brokers $11.8 Million Portfolio of NNN-Leased KFC Properties in Louisiana and Mississippi

Gabriel Britti
LOUISIANA and MISSISSIPI, Jan. 16, 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 a portfolio of NNN Leased KFC Properties.

 The properties, totaling over 35,779-square feet, are located in Louisiana and Mississippi.  The total sales prices exceed $11.8 million, according to Kirk A. Felici, regional manager of the firm’s Miami office.

Vice Presidents of Investments Ronnie Issenberg and Gabriel Britti, Associate Roee E. Ben-Moshe and Anne Williams, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company out of Canada. 

          This 11 property portfolio sold individually, in less than 6 months and within 95% of the list price.  The Issenberg Britti Group brought 4-7 offers on each property.  “The majority of the buyers were California and New York based 1031 buyers with needs to place under $1 million of capital,” says Britti.

          “Sale Leaseback Opportunities throughout the United States continue to be sought after investments for many 1031 Buyers,” says Ronnie Issenberg. “We see no slowdown in the market quite yet,” adds Ben-Moshe.

The properties:

1730 Jerry Clower Blvd.     Yazoo City    MS
104 NE. E. Wallace Blvd.   Ferriday        LA
24 Sergent Prentiss Dr.      Natchez        MS
3296 Hwy 80 West  Jackson        MS
1060 E. Country Line Rd.   Ridgeland     MS
3198 W. Northside Dr.       Jackson        MS
1701 West Government      Brandon        MS
225 Pinola Dr.         Magee          MS
102 Market Pl.         Richland       MS
100 Byram Parkway Byram MS
442 Hwy 80   Clinton          MS

For a complete copy of the company’s news release, please contact:

Kirk A. Felici
First Vice President/District Manager, Miami, FL

(786) 522-7000

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