Thursday, March 12, 2015

Marcus & Millichap arranges sale of candy lane industrial warehouse in palm harbor, fl for $960,000


Matthew Kim
PALM HARBOR, FL,  March 12, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Candy Lane Industrial Warehouse, located in Palm Harbor, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office.

The asset sold for $960,000.

  Matthew Kim, an associate in Marcus & Millichap’s Tampa office secured and represented the buyer of the property, a private investor based in Florida.

Candy Lane Industrial Warehouse was built in 1995 and is located at 133 Candy Lane, Palm Harbor, Fla. directly along the popular Pinellas Trail. 

This 21,312-square foot facility is situated on 2.329 acres of land, just west of Alternate 19, and zoned in Pinellas County as M-1. The facility has 3,566 square feet of very nicely appointed office, training or meeting space in the front. 

The remaining 17,726 square feet is open warehouse space. There are two roll-up doors and a three-phase 400 amp service.

“We were pleased to deliver this deal to the buyer before it hit the market,” says Kim.  “Once word spread about this property, several more buyers came to the table ready to do a deal.” 

“Timing is everything in this market, which is why you need to be in at the ground floor,” adds Kim.  

“With market velocity increasing significantly over the past 24 months, deals like these are becoming more difficult to locate.  


In several industrial pockets that have been depressed since 2009, we are finally starting to see major price increases due to an influx of demand and limited inventory,” concludes Kim.








For a complete copy of the company’s news release, please contact:


 Richard D. Matricaria
Vice President/Regional Manager, Tampa
(813) 387-4700

No comments:

Post a Comment