Friday, February 3, 2017

$2.3 Million Sale of West Colonial Retail Plaza, in Orlando, FL Arranged by Marcus & Millichap

Barry M. Wolfe
ORLANDO, FL, Feb. 3, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of West Colonial Retail Plaza, a 10,900-square foot retail property located in Orlando, FL, according to Ryan Nee, Vice President/ Regional Manager of the firm’s Fort Lauderdale office. The asset sold for $2,300,000.

Barry M. Wolfe, Senior 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, an individual/personal trust. 

West Colonial Retail Plaza is located at 7332 West Colonial Drive in Orlando, FL.  West Colonial Retail Plaza consists of 10,900-square feet of retail space on 1.1 acres. It is 100 percent occupied with three national tenants, including Mattress Firm, Wing Stop and Sprint.

“We were able to source a buyer from Mexico that was looking to expand presence in US.  The buyer had limited assets currently in the US so worked closely with Farhan Kabani at Marcus & Millichap Capital Corporation to work thru financing options and source a lender with strong terms that would work with the particular foreign national,” states Barry Wolfe.

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

Contact: Ryan Nee
Vice President / Regional Manager, Fort Lauderdale

(954) 245-3400

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