• Marcus & Millichap Arranges the Sale of a 37,991-Square Foot Multi-Tenant Warehouse

    CLEARWATER, FL, March 1, 2017 – 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 a 37,991-square foot multi-tenant warehouse located in Clearwater, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office.

    Nicholas Creech, associate, and Luke Elliott, vice president investments, both in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.

    “This was a quality asset with a diverse tenant mix, which attracted attention from local and national investors,” says Creech. “The industrial sector remains strong and continues to grow in the Tampa Bay MSA.”

    Located at 2140 Range Road in Clearwater, Florida, the fully-occupied warehouse encompasses 33,975 net rentable square feet across seven units on a total of 2.44 acres. Initially built in 1982 with the second half built in 1984, the property provides 68 parking spaces and features ten, grade-level doors and three doors located four inches off the ground.

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    About Marcus & Millichap (NYSE: MMI)

    With over 1,600 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 8,700 transactions in 2015 with a value of approximately $37.8 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