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| Barry M. Wolfe |
ORLANDO, FL, Feb. 3,
2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate
investment services firm with offices throughout the United States and Canada, announced the sale of West Colonial Retail Plaza, a 10,900-square foot
retail property located in Orlando, FL, according to Ryan Nee, Vice President/
Regional Manager of the firm’s Fort Lauderdale office. The asset sold for
$2,300,000.
Barry M. Wolfe,
Senior 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, an
individual/personal trust.
West Colonial Retail Plaza
is located at 7332 West Colonial Drive in Orlando, FL. West Colonial Retail Plaza consists of
10,900-square feet of retail space on 1.1 acres. It is 100 percent occupied
with three national tenants, including Mattress Firm, Wing Stop and Sprint.
“We were able to source a
buyer from Mexico that was looking to expand presence in US. The buyer had limited assets currently in the
US so worked closely with Farhan Kabani at
Marcus & Millichap Capital Corporation to work thru financing options and
source a lender with strong terms that would work with the particular foreign
national,” states Barry Wolfe.
For a complete
copy of the company’s news release, please contact:
Contact: Ryan Nee
Vice President / Regional
Manager, Fort Lauderdale
(954) 245-3400
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