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| Edwin Watts Golf Superstore, 3889 Northlake Boulevard, Palm Beach Gardens, FL. |
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| Adam J. Tiktin |
PALM BEACH GARDENS, FL – Marcus & Millichap Real Estate
Investment Services, the nation’s largest real estate investment services firm,
has announced the sale of Edwin Watts Golf Superstore, a 14,100 square-foot
net-leased property located in Palm Beach Gardens, FL.
The asset sold for $2,400,000 representing $170 per square
foot.
Adam J. Tiktin, a Vice President Investments, and Michael
Biama, an investment associate, in Marcus & Millichap’s Miami office,
had the exclusive listing to market the property on behalf of the seller, a
private investor from Ft. Walton Beach, FL. The buyer, a limited liability
company from Salem, MA, was secured and represented by Tiktin and Biama.
The 14,100 square foot store is located on a large 1.49-acre
site and is situated just a few parcels east of Interstate 95 on busy Northlake
Boulevard. Major national retailers in the immediate area include: McDonald's,
Home Depot, Publix, Costco, Target, and Starbucks, among others.
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| Michael Biama |
Edwin Watts Golf is a privately held company with more than
90 locations throughout the United States. The company is currently owned by
the Boca Raton-based private equity group, Sun Capital Partners.
Edwin Watts Golf Superstore is located at 3889 Northlake
Boulevard in Palm Beach Gardens, FL.
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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