TAMPA, FL, June 4, 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Tire Kingdom, Tampa, a 5,904-square foot net-leased property located in Tampa, FL, according to Scott Lunine, Regional Manager of the firm’s Miami office. The asset sold for $1,255,384.
Gabriel Britti and Ronnie Issenberg, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a limited liability company, was secured and represented by Gabriel Britti and Ronnie Issenberg,
Tire Kingdom, Tampa is located at 7602 W Hillsborough Ave in Tampa, FL and has just over eight years remaining on an absolute net lease. “Essential businesses continue to be a major focus for private investors,” says Issenberg. “Tire Kingdom is a great company that performs well during economic downturns. We listed a couple more for sale this week and already have multiple offers” says Britti.
About Marcus & Millichap (NYSE: MMI)
With over 2,000 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 9,726 transactions in 2019 with a value of approximately $50 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.