 |
| James Medefind |
PUNTA GORDA, 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 Deep Creek Plaza, a 12,776-square foot retail property located in
Punta Gorda, Florida, according to Richard D. Matricaria, regional manager of
the firm’s Tampa office.
James Medefind,
senior associate, and Armando Rodriguez,
associate, both in Marcus & Millichap’s Tampa office, had the exclusive
listing to market the property on behalf of the seller, a private
investor. The buyer, a private investor,
was secured by Alex Bouchard and Gus
Lagos, senior associates in Marcus & Millichap’s Houston office.
Deep Creek Plaza is
located at 2000 Rio De Janeiro Avenue in Punta Gorda, Florida. The
12,776-square foot, SunTrust anchored shopping center was built in 1988 and
renovated in 2013.
It is occupied by an attractive tenant mix including a
consumer bank, beauty salon, pizza restaurant and other local tenants. The
plaza is ideally located within Deep Creek at the four-way intersection of Rio
De Janeiro Avenue and Rampart Boulevard.
“Through our firm’s
national process, we were able to access the largest buyer pool possible, which
ultimately generated three offers in a short period of time and three back up
offers after going to contract,” says Rodriguez. “This benefited the seller
because the selected buyer, who was in a 1031-exchange, not only offered the
highest price, but had the strongest terms giving the seller the best net
proceeds and ease of close
For a complete copy of the company’s news release,
please contact:
Richard D. Matricaria
First Vice President
Regional Manager
Tampa, FL
(813) 387-4700
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