NAPLES, Fla., Nov. 17, 2021 – Marcus & Millichap (NYSE: MMI), announced today the sale of Premier Executive Centers, two, three-story office buildings totaling approximately 80,000 square feet located in Naples and Fort Myers, Florida. The properties sold for $14,850,000 million.
“This transaction represents an exploding trend in the area. There is a growing demand for uniquely positioned, non-traditional, executive-suite offices,” said Douglas K. Mandel, executive managing director in the Marcus & Millichap Fort Lauderdale office. “Ideal tenants for these location types are aimed at entrepreneurs, startups and booming small businesses.”
The first-class buildings are strategically located in coastal neighborhoods along the high-traffic Tamiami Trail (US-41), within just a few miles of Interstate 75 in the cities of Naples and Fort Myers. The Naples property is located at 1415 Panther Lane in Naples, Florida. The Fort Myers property is located at 5237 Summerlin Commons Boulevard in Fort Myers, Florida.
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 8,954 transactions in 2020 with a value of approximately $43 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.