SUN CITY CENTER, FLA., October 21, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of South Bay Medical Arts, a 32,123-square foot office property located in Sun City Center, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $3,750,000.
Moe Derbala, an associate in Marcus & Millichap’s Tampa office, represented the local seller, a private investor. The buyer was also secured by Mr. Derbala and is a private investor from Sun City Center.
South Bay Medical Arts is located at 4051 Upper Creek Drive in Sun City Center, Florida. This is a Class “A” medical office building located adjacent to South Bay Hospital in the heart of Sun City Center, which is one of America’s premier retirement communities ideally located in west-central Florida.
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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.