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| BB&T, 18031 South Tamiami Trail, Fort Myers, FL |
FORT MYERS, 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 BB&T, a 3,649-square foot net-leased property located
in Fort Myers, Fla., according to Chris Travis, regional manager of
the firm’s Tampa office. The asset sold for $2,000,000.
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| Reid Thedford |
Reid Thedford, James Garner, 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.
“We are pleased to announce the sale of the BB&T (now Truist)
bank branch located in Ft. Myers for $2,000,000, said Thedford. "Amid the COVID-19 pandemic, our team
listed the property, generated multiple offers, and successfully completed the
transaction.
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| James Garner |
"The subject property had two and half years remaining, on its initial fifteen-year lease.”.
BB&T is located at 18031 South Tamiami Trail in Fort Myers,
Fla. BB&T is located at a
signalized intersection on South Tamiami Trail and Constitution Boulevard.
South Tamiami Trail is a major
North-South thoroughfare that exposes this location to over 59,000 vehicles per
day. There are dozens of national retailers in the immediate area including Publix,
Planet Fitness, Bank of America, Regions Bank, CVS, Walgreens, McDonald’s,
Burger King, Dunkin’ and more.
The population and average
household income within a three-mile radius of the subject property are
approximately 37,150 and $85,735, respectively.
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| James Medefind |
The Fort Myers market is a popular tourist destination and receives over 1.8
million visitors each year.
Fort Myers is also a significant second-home market partly due to its convenient proximity to major cities, such as Miami and Tampa, which are both less than two hours away.
Fort Myers is also a significant second-home market partly due to its convenient proximity to major cities, such as Miami and Tampa, which are both less than two hours away.
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| Jim Shiebler |
Fort Myers is located in Lee County, which has a current population of over 700,000 full time residents.
World-class fishing, award winning beaches, no state income taxes, and year-round beautiful weather are attracting new residents and visitors to this area at record breaking pace.
CONTACT:
ChrisTravis
Chris.Travis@marcusmillichap.com
Chris.Travis@marcusmillichap.com
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