Thursday, September 13, 2018

Marcus & Millichap Handles $7.3 Million Sale of 13,824-SF CVS Site in Naples, FL


  
CVS Property, 4890 Tamiami Trail East, Naples, FL


Alan Lipsky

NAPLES , FL,  Sept. 13, 2018 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of CVS, a 13,824-square foot net-leased property located in Naples, Fla., according to Ryan Nee, vice president / regional manager of the firm’s Fort Lauderdale office.

 The asset sold for $7,300,000.

We received numerous offers for the property and closed at an aggressive cap rate with a local buyer in the Naples area,” stated Alan Lipsky, a vice president of investments, in Marcus & Millichap’s Fort Lauderdale office.

Lipsky, Barry M. Wolfe, senior managing director investments, and Evan Whelan, associate, all located in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor.  

Barry M. Wolfe
The buyer, a private investor, was secured and represented by Stephen Westerberg, first vice president investments, in Marcus & Millichap’s Stamford office. 

CVS is located at 4890 Tamiami Trail East in Naples.  The property is located off Tamiami Trail, which has a Daily Traffic Count of approximately 42,000 Vehicles.


  Contact:

 Ryan Nee
Vice President / Regional Manager,
 Fort Lauderdale, FL
(954) 245-3400

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