KISSIMMEE, FL– Marcus & Millichap Real Estate Investment
Services, the nation’s largest real estate investment services firm, has
announced the sale of Kissimmee Korners
(top left photo), an 83,340 square-foot retail property located in
Kissimmee, FL. The asset commanded a sales price of $9,550,000.
Vice President Investments Douglas K. Mandel (lower right photo) in Marcus & Millichap’s Fort Lauderdale
office and Senior Associate Mark
Thompson in the firm’s Orlando office had the exclusive listing to market
the property on behalf of the seller, an individual/personal trust from Boca
Raton, FL. The buyer, an
individual/personal trust from Canada, was also secured by Mandel and
Thompson.
“The underlying real estate provides the buyer a proven net
operating income, while at the same time offering diversity among the tenant
mix and a core location on one of the main thoroughfares in the area,” says
Mandel. Kissimmee Korners’ tenants
include: Budget Rent-A-Car, Little Caesars, United Legacy Bank and state
government offices.
Kissimmee Korners is located at 1507 N John Young Parkway in
Kissimmee, FL.
Press Contact:
Gregory Matus
Vice President/Regional Manager,
Fort Lauderdale, FL
(954) 245-3400
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