TAMPA, FL, August 5, 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 IMF Business Park, a 70,800-square foot industrial property located in Tampa, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office.
Steven Dolinsky, associate, and Luke Elliott, associate vice president investments, 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, a private investor, was secured and represented by Elliott and Dolinsky.
“The buyer’s plans to revitalize IMF Business Park marks another step toward east Tampa’s path to progress,” says Dolinsky.
IMF Business Park consists of two, multi-tenant industrial properties located at 2502 East Wilder Avenue and 5107 North 22nd Street, both in Tampa, Florida. The two industrial buildings are contiguous properties with a retention area comprising the third parcel included in the sale. The business park is strategically located less than one mile from U.S. Highway 41 and one mile from Interstate 275, both are major highways within the populous Tampa Bay area.
“After casting a wide marketing net, the selected buyer ended up coming from out of the area, but saw the value in the Tampa Bay market,” said Elliott.
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About Marcus & Millichap (NYSE: MMI)
With over 1,600 investment sales and financing 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 8,700 transactions in 2015 with a value of approximately $37.8 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