DELAND, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of Victoria Square, a 113,050-square foot shopping center in Deland (Downtown Deland photo at right). The sales price is $11 million.Jack Holly, a vice president of investments and director in the Orlando office of Marcus & Millichap’s National Retail Group, represented the seller, a local attorney. The buyer is Southeastern Realty Group Inc.
“The new owner has acquired a well-maintained retail center with great upside potential at an attractive cap rate of 8.24 percent,” says Holly. Located at 1710 S. Woodland Bl
vd., the shopping center is situated on a 14.85-acre lot along the main retail corridor in Deland, home to Stetson University (photo at left) and just a short drive from DaytonaBeach and Orlando.
vd., the shopping center is situated on a 14.85-acre lot along the main retail corridor in Deland, home to Stetson University (photo at left) and just a short drive from DaytonaBeach and Orlando. Victoria Square boasts a strong mix of national, regional and local tenants, including Fred’s, Gator’s Dockside, H&R Block, Pinch-A-Penny, RentWay, Tuesday Morning and Victoria Square 6 Theatres, the only movie theater in Deland.
Contact:
Stacey Corso
Public Relations Manager
Marcus & Millichap
2999 Oak Road
Suite 210
Walnut Creek, CA 94597
Office: 925.953.1716
Mobile: 415.672.6460
Fax: 925.953.1710
http://www.marcusmillichap.com/
Stacey Corso
Public Relations Manager
Marcus & Millichap
2999 Oak Road
Suite 210
Walnut Creek, CA 94597
Office: 925.953.1716
Mobile: 415.672.6460
Fax: 925.953.1710
http://www.marcusmillichap.com/
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