Saturday, July 1, 2017

Marcus & Millichap Brokers $7.98 Million Sale of Three Florida Wendy locations

Ronnie Issenberg
MIAMI, 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 three Florida Wendy’s located in the cities of Ocala, Dunnellon and Tamarac, according to Kirk A. Felici, regional manager of the firm’s Miami office. The portfolio sold for $7,981,907.

Ronnie Issenberg and Gabriel Britti, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listings to market the properties on behalf of the sellers, limited liability companies from Florida.

“We had multiple backup offers at ask price for these assets, which shows the demand, not only for South Florida Real Estate, but also for fast food assets” says Issenberg.

 “In an economy where most investors are afraid of the internet and Amazon hurting their retail investments, fast food net-leased assets really stick out. As of now, you cannot order a hamburger and fries on Amazon.”

Gabriel Britti
“In our opinion, QSR net-leased assets will continue to be the most favorable for investors, which will lead to cap rates holding steady throughout the next few quarters” adds Britti.

“We have followed our gut instinct, have listed, and will continue to list fast food net-leased assets to fulfill the demand we are seeing from net-leased investors” adds Issenberg.

According to Marcus & Millichap, Britti and Issenberg are two of the top net-leased brokers in the United States.

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

Ronnie Issenberg / Gabriel Britti
First Vice Presidents, Miami

(786) 522-7000

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