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| Jim Shiebler |
MIRAMAR, FL, May
11, 2020 – Marcus
& Millichap (NYSE: MMI), a leading commercial real estate
brokerage firm specializing in investment sales, financing, research and
advisory services, announced today the sale of Wells Fargo, a 3,796-square foot
net-leased property located in Miramar, Fla., according to Chris Travis, regional manager of
the firm’s Tampa office.
The
asset sold for $2,620,000.
Jim Shiebler, James Garner and James Medefind, investment
specialists in Marcus & Millichap’s Tampa office, had the exclusive listing
to market the property on behalf of the seller, a private investor.
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| James Garner |
The buyer, a private investor, was secured and represented
by Aaron O'Connor, an investment specialist in Marcus &
Millichap’s Fort Lauderdale office.
“This sale was truly unique. By creating a highly competitive
environment with multiple buyers vying for the asset, we yielded truly
incredible results for the seller as the property sold for $20,000 ABOVE list
price to a 1031 exchange buyer!” states Mr. Shiebler.
“Driven by their belief in the stability of Investment Grade
tenants in South Florida and the prime location and quality of this asset, the
Buyer was motivated to close, even during the height of uncertainty surrounding
COVID-19,” adds Mr. O’Connor.
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| James Medefind
Contact:
Chris Travis
Regional Manager
Tampa
(813) 387-4700
|
Wells Fargo is located at 18499 Miramar Parkway in Miramar, Fla.
The city of Miramar,
Fla is known for its large master-planned communities, making it the ideal
suburb of Broward county for young, growing families.
It is a principal city in
the Miami metropolitan area boasting a population of 122,041.
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| Aaron O'Connor |
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