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| Barry M. Wolfe |
WEST PALM 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 Palm Beach Eye Clinic, a
3,111-square foot net-leased property located in West Palm Beach, Fla.,
according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office.
The asset sold for
$1,045,000 equating to $336 per square foot.
Barry M. Wolfe,
first vice president investments, and Alan
Lipsky, associate, both in Marcus & Millichap’s Fort Lauderdale office,
had the exclusive listing to market the property on behalf of the seller, a
partnership from Palm Beach, Fla and the buyer, a limited liability company
from West Palm Beach, Fla.
“Through our marketing
process we generated nearly fifteen offers from local, out-of-area and
international buyers,” says Wolfe.
“Ultimately the property was purchased by a local buyer.
“We are continuing to see
a very strong interest in net leased properties. This is the fourth single tenant property in
Palm Beach County that our team has sold in the recent weeks. Every asset received very strong interest and
sold at an aggressive price.”
Palm Beach Eye Clinic has
been in business for more than 30 years and treats thousands of patients each
year. The clinic is located in an ideal
South Florida location, one-half mile from Good Samaritan Medical Center, at
130 Butler Street in West Palm Beach, Fla.
For a complete copy of the company’s news release,
please contact:
Ryan Nee
Vice President / Regional
Manager,
Fort Lauderdale
(954) 245-3400
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