FORT MYERS, Fla., Oct.14, 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 14,484-square-foot Walgreens located in Fort Myers, Florida. The single-tenant, net-leased asset sold for $6,854,368 million.
“Florida continues to be one of the most sought-after states for well located, credit tenant drug stores,” said Ronnie Issenberg, senior managing director investments. “We were happy to hear the store had no damage from hurricane Ian.” continued Issenberg. “The property’s proximity to Gulf Coast Medical Center and strategic position along Fort Myer’s dense retail corridor make for an incredible investment thus allowing us to create a multiple offer environment for the seller” added Ricardo Esteves, vice president investments.
Issenberg, Gabriel Britti and Ricardo Esteves, investment specialists in Marcus & Millichap’s Miami’s office, had the exclusive listing to market the property on behalf of the seller, ACV Watkins Portfolio I, LLC. The property was purchased by ACV Ventures Inc, a Sonoma, California-based company.
The Walgreens is located at 6790 Daniels Parkway, directly adjacent to a Publix-anchored shopping center and next to Gulf Coast Medical Center. The property is highly visible, situated at the intersection of International Drive and Daniels Parkway, a major east-west thoroughfare. The property is located west of Six Mile Cypress Parkway, within nine miles of downtown Fort Myers, Fort Myers Country Club, and CenturyLink Sports Complex.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.