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| James Medefind |
TAMPA, 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 Linebaugh and Sheldon Redevelopment,
a 35,965-square feet of land located in Tampa, Florida, according to Richard D.
Matricaria, regional manager of the firm’s Tampa office. The asset sold for
$1,605,000.
Dana Speer,
associate, and James Medefind,
senior associate, in 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 Speer and Medefind.
The Linebaugh and Sheldon
Redevelopment land is located at the signalized corner of Linebaugh Avenue and
Sheldon Road directly across from a planned Costco and CVS pharmacy within the
Westchase submarket of Tampa, Florida.
The property is exposed to
more than 52,000 vehicles per day, which is expected to increase by another 25
percent upon completion of the Costco development. Also benefiting this land
parcel is a new townhome development which is under construction immediately to
the north.
“Due to our aggressive
marketing platform we were able to drive in multiple offers for this listing,
which resulted in it closing in a short period of time and above list price,”
says Speer.
For a complete copy of the company’s news release,
please contact:
Richard D. Matricaria
Vice President/Regional
Manager
Tampa, FL
(813) 387-4700
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