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| 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.
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
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