Marcus & Millichap Announces Sale Of A 22,000-Square Foot Industrial Building In St. Petersburg, Florida

Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the 22,000-square foot industrial property located at 10597 Oak Street North East, in St. Petersburg, Florida, according to Richard D. Matricaria, Regional Manager of the firm’s Tampa office. The asset commanded a sales price of $599,000.

Luke Elliott, investment specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the local seller, a private investor and to the buyer, a limited liability company.

“A local user was able to purchase a great facility in a good mid-county location,” says Elliott.   “This sale indicates the value that buyers see in the highly sought-after Tampa MSA.”

With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 5,085 transactions in 2011, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.

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