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| Dairy Queen, 602 West Brandon Boulevard, Brandon, FL |
BRANDON, FL – Marcus
& Millichap (NYSE: MMI), a leading commercial real estate investment
services firm with offices throughout the United States and Canada, announced
the sale of a 1,880-square foot net-leased Dairy Queen located in Brandon,
Fla., according to Richard D. Matricaria, regional manager of the firm’s
Tampa office. The asset sold for $445,000.
Michael A. Mele, senior vice president and William
Wamble, associate in Marcus & Millichap’s Tampa office, had the
exclusive listing to market the property on behalf of the Tampa-based seller, a
local private investor. Armando
Rodriguez, also in the firm’s Tampa office, procured the local buyer.
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| Michael A. Meli |
Dairy Queen was built in 1959 and is located at 602 West
Brandon Boulevard in Brandon, Fla. The
property is situated on the city’s main thoroughfare of Brandon Boulevard in a
highly visible and high-traffic area. This location has been in business since
1993 and has established well-known name recognition in the area.
“There is a growing demand for these types of single-tenant
properties in the Tampa Bay MSA at the moment,” says Wamble. “A lot of out-of-area investors are
intrigued by this market due to the compression of cap rates in South Florida
and other primary markets around the country.”
“We were able to drive three offers in the first week and
two of these were from out-of-area buyers looking to deploy capital in a
growing area with higher yields,” adds Wamble.
For a complete copy of the company’s news release, please
contact:
Richard D. Matricaria
Vice President/Regional Manager
Tampa, FL
(813) 387-4700
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