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| Mike Paspalakis |
OCALA, 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 Dollar General, a 8,676-square foot net-leased property located in Ocala,
Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa
office. The asset sold for $340,000.
Mike Paspalakis,
associate, Nicholas Meoli and Michael Donaldson, both vice president
investments, all of Marcus & Millichap’s Tampa office, had the exclusive
listing to market the property on behalf of the seller. The buyer was secured and represented by
Paspalakis, Meoli and Donaldson.
The Dollar General is
located at 1111 West Silver Springs Boulevard in Ocala, Florida, and is a
freestanding store with great frontage on State Road 40.
The main thoroughfare
runs east/west through Ocala with an average daily traffic count of over 24,000
vehicles per day.
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| Nicholas Meoli |
While State Road 40
predominantly houses large retail centers, office buildings, restaurants and
other commercial property; it also provides a direct route to Interstate 75,
giving residents easy access to one of Central Florida’s primary north/south
arteries.
The location is perfectly
positioned between downtown Ocala and Interstate 75, with an average daily
traffic count of 64,000 vehicles per day. This is a prime Dollar General
location, as it sits in a dense residential area between all of Ocala’s major
national dining establishments.
“The buyer, a
California-based private investor, was drawn to this particular location due to
the success of Dollar General in this market. Through Marcus & Millichap’s
national platform this property generated multiple qualified offers and was
under contract for less than 30 days,” says Paspalakis.
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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