$5.9 Million Industrial Opportunity Hits the Market in Hialeah FL

HIALEAH, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the exclusive listing of a 57,000-square foot industrial property in Hialeah, Florida. The price is $5,985,000.

Alex D.
Zylberglait 

Alex D. Zylberglait and Ernesto C. Bernal, investment specialists in Marcus & Millichap’s Miami office, have the exclusive listing to market the property on behalf of the seller, a private investor.

“This is an ideal property for an Owner User or Investor, as the property has approximately 6,000 square feet of executive offices and the warehouse comes equipped with a 15 ton crane and a 2 ton pivoting crane as well as 3 phase power (480 Volts, 3,000 Amps) throughout," said Bernal.

Ernesto C.
Bernal

 "The property is located on 1.94 Acres with four separate entrances making it accessible to customers and trucks”

The property is 100% occupied by a professional tenant which will vacate by January 1, 2021.

CONTACT:

Scott Lunine

Vice President

and Regional Manager

Miami, FL

(786) 522-7000

Marcus & Millichap Arranges $1.6 Million Sale of Net-Leased Taco Bell Site in Jacksonville, FL

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.  

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. 

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.

Tom Gommels

 This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

 CONTACT:

Chris Travis

Regional Manager

Tampa, FL

(813) 387-4700

Bay Area retail center sells for $22.5 million

Del Norte Marketplace,11511-11565 San Pablo Avenue
El Cerrito, CA

SAN FRANCISCO, CA – JLL Capital Markets announced it has closed the $22.5 million sale of Del Norte Marketplace, a fully leased, 64,270-square-foot, pharmacy-anchored shopping center located in the San Francisco Bay Area community of El Cerrito, California.

Eric Kathrein

JLL marketed the property on behalf of the seller, RBL Real Estate. Miami-based Jewell Capital, LLC purchased the asset and assumed the existing debt.  

Del Norte Marketplace is a major East Bay drug-anchored retail center that was guided through a multi-year repositioning by RBL.

The property now provides a long-term, stable income stream and potential to add density to the site in the future. It is home to a mix of e-commerce resistant and essential tenants, including Walgreens, Ross Dress for Less, dd’s Discounts and IHOP.

 Tim Kuruzar

Situated at 11511-11565 San Pablo Ave., the center is in El Cerrito, an infill East Bay retail market with an average annual household income exceeding $140,510.

Positioned directly across the street from El Cerrito Del Norte BART station, the busiest BART station in Contra Costa County, the center boasts a transit-oriented location along San Pablo Avenue (Highway 123) and has direct visibility and access to the I-80 Freeway.

The JLL Capital Markets Investment Advisory team representing the seller was led by Eric Kathrein, Tim Kuruzar, Bryan Ley and Jake Dempsey.

“We ran a highly competitive marketing process,” Kathrein said. “Investors responded very positively to the attractive tenancy, long term-leases and strength of location resulting in multiple competitive offers.

Bryan Ley

"Given the current environment and challenges some retailers are facing, we expect to see a continued flight to quality from buyers.” 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. 

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit our newsroom.

  

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

 CONTACT:

Eric Kathrein,

JLL Senior Director

CA Lic.: #01896107

Phone: +1 415 510 6961

Email: Eric.Kathrein@am.jll.com

Kimberly Steele

 JLL Senior Associate

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

 jll.com.

Easton & Associates Completes Two New Industrial Leases in Medley, FL

Edward W. Easton 

Dalton Easton 

Doral, FL– Easton & Associates, the brokerage division of The Easton Group, finalized two new industrial leases at Flagler Station in Medley.

Clothes to You and Me LLC completed a deal for 55,350 square feet of warehouse/distribution space at 10800 NW 97^th Street, #103, Medley, Florida.  Brandon Careaga and Dalton Easton of Easton & Associates represented the tenant.

 Brandon
Careaga 

 Cushman & Wakefield’s Gian Rodriguez and Wayne Ramoski represented the landlord, Futernick Properties II, LLC.

 Login Logistics USA Corp. leased 35,200 square feet of industrial space at 10801 NW 97^th Street, #9, in Medley.  Easton’s Dalton Easton and Luis Marquez of the Vivo Group represented the tenant. 

       Luis Marquez

Stuart Gordon of Cushman & Wakefield represented the landlord,  CPT Flagler Station II, LLC.

 About The Easton Group:

Edward W. Easton is founder and chairman of The Easton Group, a family-owned, boutique commercial real estate firm with over 40 years of experience and an exceptional track record.

Stuart Gordon

 The group is broken down into four business units consisting of commercial real estate investment, development, brokerage, and property management. 

The Easton Group is headquartered at International Corporate Park in Doral, Florida. 

 For more information, please log on to www.theeastongroup.com.

CONTACT:

Todd Templin

Executive VP/Principal

BoardroomPR

O 954-370-8999

C  954-290-0810