 |
| Dan Mulkey |
LARGO, 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 Family Dollar & Hotel
Liquidators, a 16,875-square foot retail property located in Largo,
Florida, according to Richard D. Matricaria, regional manager of the firm’s
Tampa office. The asset sold for $1,500,000.
Dan Mulkey,
Michael Donaldson and Nicholas Meoli,
all vice president investments 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 and represented by Jamie
Medress, senior vice president investments, and Mark Ruble, first vice president investments, both in the firm’s
Phoenix office.
Family Dollar & Hotel
Liquidators is a two-tenant net-leased property located at 1442 North Missouri
Avenue in Largo, Florida.
The center is situated with great frontage on U.S.
Alternate 19 North, a busy thoroughfare running north/south through Pinellas
County. This is a highly desirable retail location benefiting from over 260,000
people living within a five mile radius.
The property sits adjacent
to a Walmart, and directly across the street from a new WaWa gas station, LA
Fitness, TJ Maxx, Ross, Shoe Carnival and Dollar Tree.
“This two-property,
net-leased investment is in an excellent location in the Clearwater market,”
says Mulkey. “Although older, the Family Dollar has recently renovated their
store showing their commitment to this site. Hotel Liquidators is a local
tenant with strong historical sales. These two tenants provide the buyer with
exceptional returns going forward.”
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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