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| Jim Shiebler |
JACKSONVILLE, FL – Marcus & Millichap
(NYSE: MMI), a leading commercial real estate brokerage firm
specializing in investment sales, financing, research and advisory services,
announced the sale of Marcus & Millichap (NYSE: MMI),, a 2,808-square foot net-leased property
located in Jacksonville, Fla., according
to Chris Travis, regional manager of the firm’s Tampa office. The asset
sold for $1,600,000.
Jim Shiebler, James
Garner and James Medefind and investment specialists in Marcus & Millichap’s Tampa office,
had the exclusive listing to market the property on behalf of the seller, a
limited liability company.
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| James Garner |
The buyer, a limited liability company, was secured and represented by Tom Gommels, an investment specialist in Marcus & Millichap’s Minneapolis office.
“The Medefind
Retail team successfully positioned the property in the marketplace to
highlight its numerous attractive elements including its ideal location in the
center of an extremely dense retail corridor operated by the largest Taco Bell
franchisee in Florida," stated
Shiebler.
"Additionally,
we promoted the facts that it is a proven location as demonstrated by its year
over year upward trending sales and 18+ year successful operating history.
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| James Medefind |
This
resulted in generating five offers for the property creating a competitive environment.”
Taco Bell is
located at 1319 Dunn Avenue in Jacksonville, Fla. This unique property is ideally positioned in the heart of restaurant
row.
Additionally, this dense infill, high barrier to entry
location is just a half-mile from I-95, the main North/South route of travel
through the state of Florida which sees over 70,000 Cars Per Day.
The location is operated by the largest Taco Bell parent
operators in Florida and one of the top 10 in the entire U.S.
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| Tom Gommels |
CONTACT:
Chris
Travis
Regional Manager
Tampa,
FL
(813) 387-4700
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