 |
| Douglas K. Mandel |
CORAL SPRINGS, 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 Sunbelt Rentals of Coral
Springs, a 26,405 square-foot net-leased property located in Coral Springs,
Fla. The asset sold for $2,346,000.
Douglas K. Mandel, a first vice president
investments, in Marcus & Millichap’s Fort Lauderdale office, had the
exclusive listing to market the property on behalf of the seller.
The buyer, a limited liability company from Plymouth, MI,
was secured and represented by Scott A. Ryan, a senior associate, and David
Houston and Patrick Doherty, associate vice president investments,
in Marcus & Millichap’s Austin office.
“This transaction
attests to Marcus & Millichap’s ability to reach an expanded buyer pool
from across the country. The Austin-based team, led by Scott Ryan had been
working with the Michigan-based buyer to identify specific net-leased
assets. The Sunbelt Rentals was a
perfect fit for the buyers acquisition criteria”, says Mandel.
 |
| Scott A. Ryan |
The 26,405 square-foot industrial property is located within
the Commerce Center of Coral Springs. The property is 100 percent occupied by
Sunbelt Rentals, one of the largest equipment rental companies in the U.S, with
just under four years remaining on the lease term. Sunbelt Rentals is located
at 3701 Northwest 120th Avenue in Coral Springs, FL.
For a complete copy
of the company’s news release, please contact:
Ryan Nee
Regional Manager
Fort Lauderdale, FL
(954) 245-3400
No comments:
Post a Comment