Saturday, February 18, 2017
ORLANDO, 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 a 9,200-square foot Family Dollar located in Orlando, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $1,850,000.
Daniel Hurd, associate in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
“We were able to secure multiple offers on the asset as a result of our targeted marketing campaign,” says Hurd. “The property was secured by an all cash, international investor, saw significant opportunity and growth potential within the Orlando market.”
The 9,200-square foot Family Dollar was built in 2010 on approximately 1.38 acres located at 14254 East Colonial Drive in Orlando, Florida. It is located in a densely populated area with 172,283 residents within a five mile radius and positioned directly on Colonial Drive with traffic counts in excess of 48,470 vehicles per day.
For a complete copy of the company’s news release, please contact:
Regional Manager, Tampa
Posted by Alex at 11:46 AM