Sunday, August 7, 2016

Marcus & Millichap Handles Palm Beach Eye Clinic Sale in West Palm Beach, FL

Barry M. Wolfe
WEST PALM 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 Palm Beach Eye Clinic, a 3,111-square foot net-leased property located in West Palm Beach, Fla., according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office.

The asset sold for $1,045,000 equating to $336 per square foot.

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

“Through our marketing process we generated nearly fifteen offers from local, out-of-area and international buyers,” says Wolfe.  “Ultimately the property was purchased by a local buyer.

“We are continuing to see a very strong interest in net leased properties.  This is the fourth single tenant property in Palm Beach County that our team has sold in the recent weeks.  Every asset received very strong interest and sold at an aggressive price.”

Palm Beach Eye Clinic has been in business for more than 30 years and treats thousands of patients each year.  The clinic is located in an ideal South Florida location, one-half mile from Good Samaritan Medical Center, at 130 Butler Street in West Palm Beach, Fla.

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

Ryan Nee
Vice President / Regional Manager,
 Fort Lauderdale
(954) 245-3400

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