ST. PETERSBURG, Fla., Nov. 9, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of St. Pete Diagnostic Clinic, a 5,400-square-foot net-leased medical office located in St. Petersburg, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $1,000,000. Jaclyn Blair, an investment specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. “Marketing efforts generated seven offers and the property ultimately sold to a non-local entity with experience owning other medical office assets. The transaction was a rare opportunity for a private investor to own an asset occupied by a long-term tenant, said Blair.” The single-tenant medical office building is corporate-backed and the tenant operate locations throughout Florida. St. Pete Diagnostic Clinic is located at 6776 54th Avenue North in Saint Petersburg, Florida.
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About Marcus & Millichap (NYSE: MMI) With over 1,700 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 9,000 transactions in 2016 with a value of approximately $42.3 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