Marcus & Millichap Arranges The Sale Of A 9,610-Square Foot Retail Property

9/14/17

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Walmart Shadow-Anchored Strip, a 9,610-square foot retail property located in Palmetto, FL, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $1,250,000.

James Medefind and James Garner, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was secured and represented by Dana Speer, James Medefind and James Garner, investment specialists in Marcus & Millichap’s Tampa office.

“Through our marketing platform we secured 5 offers within one week of marketing the property. Because of the high demand created for this asset, we were able to close at 97% of list price.” said James Garner. Walmart Shadow-Anchored Strip is located at 1035 Hasko Road in Palmetto, FL

About Marcus & Millichap (NYSE: MMI)

With over 1,700 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2016 with a value of approximately $42.3 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com

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