WINTER HAVEN, Fla., July 11, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of two commercial outparcels in Winter Haven, Florida: Legoland Parcel 1 and Legoland Parcel 2.
The parcels are situated on a combined total of 2.3689 acres in Winter Haven, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office.
Paul Bouldin, a senior associate in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a financial institution based in Illinois and the buyer, a developer from Charleston, South Carolina.
Both parcels are located at the front gate to Legoland, central Florida’s newest successful theme park. Located at 6305 and 6315 Cypress Gardens Boulevard in Winter Haven, Florida, the properties have excellent visibility fronting Cypress Gardens Boulevard on its eastern boundary and Helena Road to the west. Legoland opened on October 15, 2011 on the former Cypress Gardens site. The park has enjoyed unparalleled success and is part of a worldwide network of Legoland Parks in California, Denmark, England, Germany and Malaysia. Legoland caters to families with children between the ages of 2 and 12, with over 50 rides, shows and attractions which still include a water ski show.
“We continue to see increased improvement in land and development activities,” said Bouldin in a statement. “This property is in a terrific location. As the real estate cycle matures, ground-up projects will make economic sense and demand for developments like this will return to the market.”
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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 6,149 transactions in 2012, 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.