 |
| James Medefind |
NAPLES, 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 Pizza Hut, a 2,520-square foot net-leased property located
in Naples, FL according to Ari Ravi,
regional manager of the firm’s Tampa office. The asset sold for $1,009,000.
James Medefind and Jim Shiebler, investment specialists in Marcus & Millichap’s
Tampa office, had the exclusive listing to market the property on behalf of the
seller, a private investor. Pizza Hut is
located at 3010 Tamiami Trail East in Naples, FL. James and Jim generated multiple offers for
the property within just two weeks of being on the market. The property sold
for 98 percent of list price.
Demonstrating Marcus &
Millichap’s international reach, the buyer was sourced from the Netherlands.
The investor has targeted the Naples submarket for commercial investment
properties and is expanding their Southwest Florida portfolio. The investor
selected the property for the irreplaceable Naples real estate with frontage on
U.S. Route 41. The buyer is also pleased
with the large annual rent increases and the fact that it is operated by the
nation’s largest franchisee.
For more information on this press release, please
contact:
Ari Ravi
Regional Manager, Tampa
(813) 387-4700
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