SARASOTA, FL, June 5, 2009 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Valley National Gas, (bottom left photo) a 4,152 square-foot single-tenant net-leased property located in Sarasota, Florida, according to Bryn D. Merrey, (top right photo) Regional Manager of the firm’s Tampa office. The asset commanded a sales price of $330,000.
Michael Jaworski, (middle right photo) an investment specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.
The buyer, a partnership, was secured and represented by Ronald Schultz, an investment specialist in Marcus & Millichap’s Tampa office.
The tenant was recently purchased by Matheson Tri-Gas, a subsidiary of Japan-based Taiyo Nippon Sanso Group.
“This greatly improved the credit of the existing tenant and made the deal extremely attractive to the buyer”, states Jaworski.
This free-standing, single-tenant, triple-net leased industrial property was built in 1982 and is located at 6671 15th Street East in Sarasota, Florida. Valley National Gas has been in business for over 50 years and operates in 18 states with 90 locations.Press Contact: Bryn D. MerreyRegional Manager, Tampa(813) 387-4700
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