TAMPA, Fla., June 18, 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 Anytime Fitness, a 7,144-square-foot net-leased property located in Tampa, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $1,700,000.
James Medefind and James Garner, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer was a private investor in a 1031 exchange moving to the area.
“Our team is committed to maximizing exposure and ensuring that all qualified buyers brought to the table are properly vetted. We welcome the opportunity to work with outside brokers so when a local Sarasota broker brought their 1031 exchange client to the table, we helped to position them in the best light possible. Through a collaborative effort with the other broker, we were able to help the buyer and seller overcome a number of deal challenges from environmental concerns to deferred maintenance, which very easily could have derailed the deal. I believe it was our persistence, transparency, and commitment to getting the deal across the finish line that made the difference in this one.” said Garner.
Anytime Fitness lies on busy Kennedy Boulevard with easy ingress/egress and a daily average traffic count of 41,500 cars. The property caters to the residents and businesses with an average household income of $97,416. The property benefits from its excellent location on West Kennedy Boulevard, the main east-west thoroughfare in South Tampa, and a preferred development location for many companies entering the Tampa Bay. Anytime Fitness is located at 2905 West Kennedy Boulevard in Tampa, 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