Tuesday, June 16, 2015

Marcus & Millichap Arranges Sale of 10,000-SF Industrial Building in Tampa, FL


Matt Kim
TAMPA, FL, June 16, 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 51st Street Industrial, a 10,000-square foot industrial property located in Tampa, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. 

The asset sold for $285,000.

David Joyce, Matt Kim and William Wamble, Associates in Marcus & Millichap’s Tampa office had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer was secured and represented by David Joyce.

51st Street Industrial is located at 2022 51st Street in Tampa, Florida near the industrial corridor of East Tampa, moments from the vibrant Port of Tampa and just a mile-and-a-half from the Selmon Expressway. 

This vacant facility was constructed in 1987 and consists of two separate buildings with grade level overhead doors and outside storage potential.

“We had multiple offers for this property and a local business owner ended up becoming the buyer, seeing the advantage of relocating their business to the area. Demand has been increasing for the Tampa Bay area industrial product, and with financing readily available I believe we can expect to see demand continue to rise,” Joyce commented.

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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