 |
| Marc Strauss |
VENICE, F – Marcus & Millichap (NYSE: MMI), a
leading commercial real estate investment services firm with offices throughout
the United States and Canada, announced the sale of Denny's, a 5,031-square foot net-leased property located in Venice,
FL, according to Ryan Nee, Vice President/Regional Manager of the firm’s Fort
Lauderdale office. The asset sold for $1,350,000.
Marc E. Strauss,
Senior Vice President Investments, in Marcus & Millichap’s Fort Lauderdale
office, had the exclusive listing to market the property on behalf of the
seller, a limited liability company.
“The Seller is a long-time
client of Marcus & Millichap and is one of the largest operators of Denny’s
in the United States,” states Strauss. “Our firm generated several offers in
the process. In addition, we were able to go under contract, negotiate a new
10-year lease and close all within 52 days,” elaborated Strauss.
Denny's is located at 1763
Tamiami Trl S in Venice, FL. The subject
property is a 5,031-square-foot building on a 0.75-acre parcel. The location is
dense with retail and surrounding residential neighborhoods.
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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