|Barry M. Wolfe|
Friday, February 3, 2017
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
Posted by Alex at 2:01 PM
Labels: Marcus Millichap West Colonial Retail Plaza Orlando FL Barry M. Wolfe and Alan Lipsky Brokers 2-3-17