LARGO, Fla., May 22, 2018 – 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 the Former Drive Through Pharmacy, a 720-square foot retail property located in Largo, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $210,000.
Moe Derbala, an investment specialist 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 Mr. Derbala.
The Former Drive Through Pharmacy is a free-standing building suitable for conversation into any type of retail store. It is located on Seminole Boulevard in Largo, Florida which has a high traffic count of 35,000 cars per day. The area also has strong demographics with approximately 239,492 population with a five-mile radius. Former Drive Through Pharmacy is located at 11130 Seminole Boulevard in Largo, Florida.
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About Marcus & Millichap (NYSE: MMI)
With over 1,800 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 2017 with a value of approximately $42.2 billion. Marcus & Millichap 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