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| Gabriel Britti |
LOUISIANA and MISSISSIPI,
Jan. 16, 2016 – 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 a portfolio of NNN Leased KFC Properties.
The properties, totaling over 35,779-square
feet, are located in Louisiana and Mississippi.
The total sales prices exceed $11.8 million, according to Kirk A.
Felici, regional manager of the firm’s Miami office.
Vice Presidents of
Investments Ronnie Issenberg and Gabriel Britti, Associate Roee E. Ben-Moshe and Anne Williams,
investment specialists in Marcus & Millichap’s Miami office, had the
exclusive listing to market the property on behalf of the seller, a limited
liability company out of Canada.
This 11 property portfolio sold individually, in less than
6 months and within 95% of the list price.
The Issenberg Britti Group brought 4-7 offers on each property. “The majority of the buyers were California
and New York based 1031 buyers with needs to place under $1 million of
capital,” says Britti.
“Sale Leaseback Opportunities throughout the United States
continue to be sought after investments for many 1031 Buyers,” says Ronnie
Issenberg. “We see no slowdown in the market quite yet,” adds Ben-Moshe.
The properties:
1730 Jerry Clower Blvd. Yazoo City MS
104 NE. E. Wallace Blvd. Ferriday LA
24 Sergent Prentiss Dr. Natchez MS
3296 Hwy 80 West Jackson MS
1060 E. Country Line Rd. Ridgeland MS
3198 W. Northside Dr. Jackson MS
1701 West Government Brandon MS
225 Pinola Dr. Magee MS
102 Market Pl. Richland MS
100 Byram Parkway Byram MS
442 Hwy 80 Clinton MS
For a complete copy of the company’s news release,
please contact:
Kirk A. Felici
First Vice
President/District Manager, Miami, FL
(786) 522-7000
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