Tuesday, June 13, 2017

Marcus & Millichap Arranges $1.35 Million Sale of Denny’s Site in Venice, FL

Marc Strauss
VENICE, F  – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada,  announced the sale of Denny's, a 5,031-square foot net-leased property located in Venice, FL, according to Ryan Nee, Vice President/Regional Manager of the firm’s Fort Lauderdale office. The asset sold for $1,350,000.

Marc E. Strauss, Senior Vice President Investments, in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. 

“The Seller is a long-time client of Marcus & Millichap and is one of the largest operators of Denny’s in the United States,” states Strauss. “Our firm generated several offers in the process. In addition, we were able to go under contract, negotiate a new 10-year lease and close all within 52 days,” elaborated Strauss.

Denny's is located at 1763 Tamiami Trl S in Venice, FL.  The subject property is a 5,031-square-foot building on a 0.75-acre parcel. The location is dense with retail and surrounding residential neighborhoods.

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

Ryan Nee
Vice President / Regional Manager, Fort Lauderdale

(954) 245-3400

No comments: