PORT CHARLOTTE, FLA., January 13, 2016 – 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 Taco Bell, a 2,818-square foot net-leased property located in Port Charlotte, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $3,050,000.
Dana Speer, associate, and James Medefind, senior associate, both in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer was represented by Brian Munn, vice president investments in Marcus & Millichap’s Atlanta office.
Taco Bell is located at 1710 Tamiami Trail in the heart of the retail corridor in Port Charlotte, Florida. Port Charlotte is halfway between Sarasota and Naples on Florida’s southwest coast. The property is an outparcel in Murdock Plaza, and is located less than a quarter mile to Port Charlotte Town Center Mall, a Simon-owned regional mall anchored by Macy’s, Dillard’s, JCPenney, Sears and Bealls. Other area retailers include Walmart, Lowe’s, Publix, Kohl’s, Kmart, Target and Walgreens.
“By executing our comprehensive marketing plan we were able to procure multiple offers, which resulted in a quick close at over $1,000 per square foot on behalf of our client,” says Speer.
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About Marcus & Millichap (NYSE: MMI)
With over 1,500 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 7,600 transactions in 2014 with a value of approximately $33.1 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