MIAMI, FL – Marcus & Millichap Real Estate Investment
Services, the nation’s largest real estate investment services firm, has
announced the sale of two net-leased Golden Corral properties.
 |
| Gabriel Britti |
The 10,581 square-foot property located in Pompano Beach
sold for $2,750,000 and the 10,341 square-foot property located in Pembroke
Pines also sold for $2,750,000.
Gabriel Britti, an Associate Vice President
Investments, and Landy Toledo, a Senior Associate, both in Marcus &
Millichap’s Miami office, had the exclusive listing to market the property on
behalf of the seller, a Miami-based developer.
The buyer, a private investor from Dallas, TX was also secured and
represented by Britti and Toledo.
“Both properties are operated by the largest Golden Corral
franchisee in the nation and have close to eight years remaining on their
base-term leases,” says Britti..
 |
| Landy Toledo |
“The properties are also ideally situated in high-trafficked
retail corridors. We generated a lot of
interest in the properties from local and out-of-state buyers due to their
locations. The South Florida net-leased market is currently one of the strongest
in the nation.”
The Golden Corral in Pompano Beach is a 10,581-square foot
building on 1.81 acres. It is located at the entrance of Atlantic Business
Center, a 1.3 million-square foot industrial park and is surrounded by
national retailers including: Wells Fargo, KFC, Taco Bell, Wal-Mart and
Winn-Dixie. The property sold for $2,750,000 representing $260 per square foot.
The Golden Corral in Pembroke Pines is a 10,341- square foot
building on 1.81 acres. The property benefits from tremendous exposure on Pines
Boulevard as well as close proximity to numerous national retailers including:
Walgreens, T-Mobile, Wells Fargo and Starbucks. The property sold for
$2,750,000 representing $266 per square foot.
For a complete copy of the company’s news release, please
contact:
: Kirk A. Felici
First Vice President
Regional Manager
Miami, FL
(786) 522-7000
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