 |
| C. Todd Everett |
RIVIERA BEACH, 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 Fran Murphy Interiors Warehouse, an 18,808-square foot industrial
property located in Riviera Beach, Fla., according to Ryan Nee, regional
manager of the firm’s Fort Lauderdale office. The asset sold for $1,629,495.
C. Todd Everett
and Brian L. Rosen, senior
associates in Marcus & Millichap’s Fort Lauderdale office, had the
exclusive listing to market the property on behalf of the seller, a private
investor in Juno Beach, Fla. The buyer
was a limited liability company from Riviera Beach, Fla.
“There is a limited amount
of available single-tenant owner/user buildings in this high-demand size
range,” says Everett. “This sale represented an opportunity to acquire a
property in the largest industrial submarket in Palm Beach County with direct
access to major roadways and convenient proximity to the Port of Palm Beach.”
“Fran Murphy Interiors has
operated from this location for over 20 years and are leasing back
approximately 7,930 square feet of the property,” adds Rosen.
Constructed in 1997, Fran
Murphy Interiors Warehouse is a class “B”, single-tenant industrial-warehouse
property. The Fran Murphy Building sits on 1.39 acres at 8420 Resource Drive
between Blue Heron Blvd. & Northlake Blvd, with direct frontage on I-95.
For a complete copy of the company’s news release,
please contact:
Ryan Nee
Regional Manager,
Fort Lauderdale, FL
(954) 245-3400
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