Marcus & Millichap : Arranges the Sale of Mid Florida Eye Center for $6,675,000
December 05, 2022 at 04:22 pm EST
Share
Press Releases
Marcus & Millichap Arranges the Sale of Mid Florida Eye Center for $6,675,000
December 05, 2022
WILDWOOD, Fla., Dec. 5 - 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 Mid Florida Eye Center, an 8,705-square-foot net-leased property located in Wildwood, Florida. The asset sold for $6,675,000.
"We created a highly competitive market and generated multiple offers to deliver the highest price for our client. We strategically compressed the timelines with a 41-day contract to close and delivered a sub-5 percent capitalization rate," said Robert Freeman, associate. "Currently, the medical office asset class, as a true destination tenant, in addition to its nature as e-commerce, recession, and pandemic fortified, makes it a highly sought-after retail asset class in the market. The combination of the strength of the asset class, coupled with the strength of The Villages as the largest retirement community in the United States, boasting an annual population of 3 percent, made this a rare and unique opportunity."
Freeman, James Medefind, James Garner, and Jim Shiebler, investment specialists in Marcus & Millichap's Tampa office, had the exclusive listing to market the property on behalf of the seller, a Florida-based private investor. A private investor purchased the property.
Mid Florida Eye Center is located at 5743 Williamsburg Ln. and sits at the main south entrance of The Villages. Built in 2017, the property is situated on a 2.6-acre lot and is located directly off U.S. 44 and adjacent to UF Health The Villages Hospital Freestanding ER.
# # #
About Marcus & Millichap (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.
Marcus & Millichap Inc. published this content on 05 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 December 2022 21:21:08 UTC.
Marcus & Millichap, Inc. is a brokerage company. The Company is specialized in commercial real estate investment sales, financing services, research, and advisory services. The Company also offers market research, consulting, and advisory services to its clients. The Company offers services to its clients by underwriting, marketing, selling, and financing commercial real estate properties in a manner that maximizes value for sellers, provides buyers with a diverse inventory of commercial properties, and secures competitive financing from lenders for borrowers. The Company divides its commercial real estate into four market segments: properties, private client market, middle market, and larger transaction market. The Company serves clients with one property, multiple properties, and large investment portfolios. The Companyâs investment brokerage and financing professionals serve private clients within the private client market segment.
MARCUS & MILLICHAP, INC. 
