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 CVS, a 13,824-square foot net-leased property located in Naples, Fla., according to Ryan Nee, vice president / regional manager of the firm’s Fort Lauderdale office. The asset sold for $7,300,000.

“We received numerous offers for the property and closed at an aggressive cap rate with a local buyer in the Naples area,” stated Alan Lipsky, a vice president of investments, in Marcus & Millichap’s Fort Lauderdale office.

Lipsky, Barry M. Wolfe, senior managing director investments, and Evan Whelan, associate, all located in Marcus & Millichap’s Fort Lauderdale 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 Stephen Westerberg, first vice president investments, in Marcus & Millichap’s Stamford office.

CVS is located at 4890 Tamiami Trail East in Naples. The property is located off Tamiami Trail, which has a Daily Traffic Count of approximately 42,000 Vehicles.

About Marcus & Millichap (NYSE: MMI)

With over 1,800 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 2017 with a value of approximately $42.2 billion. Marcus & Millichap 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