TRINITY, FL, October 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 Trinity Square located in Trinity, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $2,350,000.
Dan Mulkey, vice president investments in Marcus & Millichap’s Tampa office, represented the buyer in this transaction. The buyer, a private investor, used this asset as one of a few properties purchased to satisfy a 1031 tax exchange.
Trinity Square consists of three single-story office buildings with 13,665 net rentable square feet located at 2433-2455 Country Place Boulevard in Trinity, Florida. The buildings were originally constructed in 2006 (substantially renovated in 2011) on approximately 2.34 acres in an office park setting.
“These buildings provide office space for medically related tenants servicing the surrounding community,” says Mulkey. “Being in such a high growth area and in such close proximity to the Medical Center of Trinity makes this location exceptional for this use.”
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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