BELLEAIR BLUFFS, FL, Aug. 26, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a Bank of America (top left photo) branch building, an 18,295-square foot property located in Belleair Bluffs, Fla., according to Bryn D. Merrey, vice president and regional manager of the firm’s Tampa office.
Michael J. Jaworski (middle right photo)and Benjamin Berry (lower left photo), investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of Carlos Yepes of Belleair Development, the seller. The listing agents also secured the buyer of the property, a private investor from Boothbay, Maine.
Located at 125 Indian Rocks Road, the property is constructed as a classic decorative brick colonial, which is a rare find in Florida. It has great curb appeal, complete with copper accents and other architectural queues.
“This was an example of flight to quality,” says Jaworski. “The property has a long term Bank of America lease and a strong deposit base. The asset sold for about an 8 percent cap rate,” adds Jaworski.
Press Contact: Bryn D. Merrey, Vice President/Regional Manager, Tampa, (813) 387-4700
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