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| Douglas K. Mandel |
ORLANDO, 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 Rosemont Plaza, a
99,103-square foot retail property located in Orlando, Fla, according to Ryan
Nee, regional manager of the firm’s Fort Lauderdale office.
The asset sold for $6,200,000.
Douglas K. Mandel, a first vice president
investments, and Barry M. Wolfe, a vice president investments, in Marcus
& Millichap’s Fort Lauderdale office, had the exclusive listing to market
the property on behalf of the seller, an affiliate of Ram Realty Services.
The buyer, a
partnership from Opa Locka, Fla, was secured and represented by Jason N.
Yukins, a senior associate, in Marcus & Millichap’s Fort Lauderdale
office.
“The property’s
location and potential for lease upside make Rosemont Plaza an excellent
investment opportunity. Orlando is one of the fastest growing cities in the
nation and is ranked among the top ten business locations in the country” says
Wolfe.
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| Barry M. Wolfe |
Rosemont Plaza is a 99,103-square foot retail center located
on more than 10 acres. The property is
currently 79 percent leased to a variety of local and national tenants such as
dd’s Discounts, Save-a-lot food stores, Dollar Tree and Hungry Howies. The
building was constructed in 1985 and extensively renovated in 2012.
Rosemont Plaza is approximately three-miles west of
Interstate 4 and five miles north of the East–West Expressway offering
convenient access to all of Orlando and the surrounding area, as well as the
Florida Turnpike.
The property is located at 5800 North Orange Blossom Trail
in Orlando, FL.
For a complete copy
of the company’s news release, please contact:
Ryan Nee
Regional Manager
Fort Lauderdale, FL
(954) 245-3400
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