Marcus & Millichap : Brokers Comfort Inn Near Silver Springs Ocala for $6.6M
April 16, 2024 at 07:49 pm EDT
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Marcus & Millichap Brokers Comfort Inn Near Silver Springs Ocala for $6.6M
April 15, 2024
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OCALA, Fla., April 15, 2024 - 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 a Comfort Inn in Ocala, Florida, for $6,615,000.
"This sale was an encouraging reminder that market challenges still can be navigated for a successful transaction," said Robert Hunter, senior vice president, investments. "The recent volatility in Florida's hotel market has slowed transaction volume, but there is still widespread optimism for the future of the state, particularly from the perspective of an out-of-state investor."
Hunter and Leo Reilly, investment specialists in Marcus & Millichap's Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, a local LLC.
The 55-room hotel is located at 1212 S. Pine Ave., situated east of Interstate-75 and directly off US Highway 27. The hotel spans 81,457 square feet over 1.87 acres. Amenities include a business center, complimentary breakfast, and meeting rooms. The hotel is near Silver Springs State Park, AdventHealth Ocala, HCA Florida Ocala Hospital, and the Ocala International Airport.
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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, 2023, the company had 1,783 investment sales and financing professionals in over 80 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
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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. 
