Monday, June 13, 2011

Marcus & Millichap Lists Service Station Portfolio in South Florida for $31 Million






  MIAMI, FL, June 13, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has received the exclusive listing for 14 unbranded service stations that distribute 23 million gallons of fuel, mostly in Miami-Dade County, according to Kirk A. Felici (top right photo), vice president and regional manager of the firm’s Miami office.

The sales price for the service stations and related business opportunity is $31 million. The properties may be purchased as a portfolio and are also available separately.

Ronnie S. Issenberg, a senior associate and Gabriel Britti, a retail property investment specialist, both in the firm’s Miami office, are representing the seller, a private investment company.

“We had numerous inquiries from dealers, distributors, retail developers and investors in the first week of marketing the assets,” says Issenberg. “These stations can be delivered free and clear of any distribution or branding agreements. Most have well-established dealers in place,” adds Issenberg.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

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