TAMPA, Fla., August 13, 2014 – 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 the East Tampa Industrial building, a 135,432 rentable square foot industrial property located in Tampa, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $1,000,000.
Michael A. Mele, a senior vice president investments and Luke Elliott, associate in Marcus & Millichap’s Tampa office, represented the Florida seller.
East Tampa Industrial is located at 2515 East Hanna Avenue in Tampa, Fla. This facility has a total of 135,432 square feet and currently includes approximately 36,000 total square feet of office space.
“With current businesses expanding and new companies coming to the Sunshine State, demand for industrial real estate has been increasing at a healthy rate,” says Elliott.
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About Marcus & Millichap (NYSE: MMI)
With over 1,300 investment 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 6,600 transactions in 2013 with a value of approximately $24 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