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| Texaco Express Lube, 13376 Lincoln Road, Riverview, FL |
RIVERVIEW, FL – Marcus & Millichap Real Estate
Investment Services, the nation’s largest real estate investment services firm,
has announced the sale of Texaco Xpress Lube, a 1,400-square foot net-leased
property located in Riverview, Fla., according to Richard D. Matricaria,
regional manager of the firm’s Tampa office. The asset sold for $729,000.
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| James Medefind |
James Medefind, an investment specialist in Marcus
& Millichap’s Tampa office, had the exclusive listing to market the
property on behalf of the seller, a limited liability company based in Brandon,
Fla.
Texaco Xpress Lube was built in 2006 and is located at 13376
Lincoln Road in Riverview, Fla.
This 1,400-square foot Texaco Xpress sits off Big Bend Road (County Road
627) and is an outparcel to an Ace Hardware anchored center.
The property is adjacent to the brand new St. Anthony’s
Regional Hospital and located in close proximity to rapidly growing
residential developments in eastern Hillsborough County.
“We were able to drive significant activity to this asset
due to the lack of quality, long-term net-leased real estate investments, says
Medefind. “Investors were eager to
enter a market undergoing such rapid growth and this aggressiveness showed up in
the final sales price,” adds Medefind. “I am excited to say we hit the ball out of the park with this
sale.”
For a complete copy of the company’s news release, please
contact:
Richard D. Matricaria
Regional Manager, Tampa
(813) 387-4700
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