LARGO, Fla., Jan. 27, 2022 – 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 27,140-square-foot single-tenant industrial property located in Largo, Florida, according to David G. Bradley, regional manager of the firm’s Tampa office. The 1.15-acre lot sold for a market-setting price of $3,964,680 in record time.
The industrial property is located at 6950 112th Circle N in Largo, Florida, near major thoroughfares to service the entire Tampa Bay area.
“This property had multiple offers in the first two days of the marketing period and closed at list price in under 30 days, which really speaks to the demand for urban infill industrial in the Tampa Bay area,” said Jaclyn Blair, senior associate in Marcus & Millichap’s Tampa office.
Blair and Marcus & Millichap’s Bryn Merrey and Erick Gonzalez had the exclusive listing to market the property on behalf of the seller, 6950 AGM, LLC. The buyer, Daper Realty Inc., was secured and represented by Jaclyn Blair, an investment specialist in Marcus & Millichap’s Tampa office.
The team also recently brokered a $4.2 million deal for a 43,548-square foot, Class-A industrial property located at 12595 71st Ct N in Largo, Florida. The property was constructed in 2008 and was leased to Behr Paint.
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.