Saturday, November 9, 2013

Marcus & Millichap Arranges $2.4 Million Sale of Edwin Watts Golf Superstore in Palm Beach Gardens, FL

  
Edwin Watts Golf Superstore, 3889 Northlake Boulevard, Palm Beach Gardens, FL. 

  
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.

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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