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| Gordon Food Service Marketplace, 5600 West Flagler Street, Miami, FL |
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| Ronnie Issenberg |
MIAMI, FL, June 22, 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 Gordon Food Service Marketplace, a
17,431-square foot net-leased grocery store located in Miami. The asset sold
for $6,735,000.
“This was a unique opportunity to acquire
a double-net, investment grade asset leased to a corporate-guaranteed retail
grocer with more than seven years remaining on its base term,” says Ronnie Issenberg, a vice president
investments in Marcus & Millichap’s Miami office. “The property sold for
just under list price to a local private real estate investor.”
Issenberg, along with Gabriel Britti and Scott C. Sandelin,
vice president investments, and Al
Palacios, a senior associate, also in Marcus & Millichap’s Miami
office, had the exclusive listing to market the property on behalf of the
seller.
The 17,431-square foot GFS
Marketplace is situated on a 45,100-square foot lot near the Miami
International Airport. With more than 170 locations across the United States,
GFS Marketplace the largest family-operated broad line food distribution
company in North America.
The property is located at
5600 West Flagler Street.
For a complete copy of the company’s news release,
please contact:
Kirk A. Felici
First Vice
President/Regional Manager
Miami, FL
(786) 522-7000
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