Marcus & Millichap Sells 14,490-SF Single-Tenant, Net-Leased Building in Kissimmee, FL

KISSIMMEE, FL, July 23, 2010 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a 14,490-square foot Walgreens (top left photo)  located in Kissimmee, FL, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $5,600,000.

Michael J Jaworski, (bottom 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 Florida-based developer.

The buyer, a limited liability company based out of Florida, was secured and represented by Paul D. Nudelman, an investment specialist in the firm’s Miami office.

Walgreens is located at 5180 US-192. This investment is a fee simple, new construction triple-net property that opened in September 2009.

The property is located on a major road to Disney World and I-4 into Orlando. Many major retailers are situated in the immediate area. As of August 2009, the company operated 7,496 located in 50 states, the District of Columbia, Puerto Rico and Guam.

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700