 |
| Jaclyn Blair |
PORT
RICHEY, FL – Marcus
& Millichap (NYSE: MMI), a leading commercial real estate
investment services firm with offices throughout the United States and Canada,
has announced the sale of 6802 Jasmine Blvd, a 18,000-square foot industrial
property located in Port Richey, Fla., according to Chris Travis, regional manager of
the firm’s Tampa office.
The asset sold for $875,000 or
roughly ($48.61 PSF).
 |
| Devin Guilliams |
Devin Guilliams and Jaclyn Blair, investment
specialists in Marcus & Millichap’s Tampa office, had the exclusive listing
to market the property on behalf of the seller, an individual/personal trust,
limited liability company.
The property closed 40 days after the property
was put under contract. The buyer, a limited liability
company, was also secured and represented by the two brokers.
 |
| Chris Travis |
“The Seller and Buyer worked very diligently to
put together a lease back that allows the Seller to continue to operate their
business for the near-term future." says Mr. Guilliams.
"The Buyer will look to possibly add more
warehouse space over time given the property sits on over two acres of land in
unincorporated Pasco County. Both parties were very pleased with the
deal,”
6802 Jasmine Blvd is located at 6802 Jasmine
Blvd in Port Richey, Fla. The
property was built in 1971 and sits on over two acres of land just off of US
19, with easy access to the main avenues of traffic, allowing it to cater to
any business to business or business to consumer service provider in need of
warehouse space.
 |
| 18,000-SF Industrial Building, Port Richey, FL |
It is zoned C2 in Pasco County with 25 free surface parking lot
spaces and 12-18 feet clear heights with six roll-up doors. The building is
currently occupied by the owner who uses the space for their local business.
The property was substantially renovated in 2005 with the roof being replaced.
CONTACT:
Chris Travis
Regional Manager, Tampa
(813) 387-4700
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