MERRITT ISLAND, FL, April 1, 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 Pier Park Plaza, a 8,555-square foot mixed-use property located in Merritt Island, FL, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $425,000.
Nicholas Ledvora, CCIM and senior associate in Marcus & Millichap’s Tampa office, and Chad E. Atwood, associate in the firm’s Jacksonville office, had the exclusive listing to market the property on behalf of the seller, a bank/financial institution. The buyer, a limited liability company, was secured and represented by Nicholas Ledvora, CCIM.
Pier Park Plaza is an 8,555-square foot professional office building located at 1365 North Courtenay Parkway in Merritt Island, Florida. The subject has direct frontage on State Road 3, also known as North Courtenay Parkway, exposing the property to more than 32,000 average vehicles per day. North Courtenay Parkway is the primary route that runs north-south through Merritt Island in its entirety. Merritt Island is located in Brevard County, the tenth largest county in the state of Florida as of the 2010 census. Brevard County is commonly referred to as the Space Coast of Florida due to the significant impact the space industry has had on the county, in particular the presence of the Kennedy Space Center.
# # #
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