Marcus & Millichap : TD Bank Office Building Sells for $7.6M in Winter Garden, Florida
November 23, 2021 at 05:20 pm EST
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WINTER GARDEN, Fla., Nov. 23, 2021 - 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 TD Bank Office Building in Winter Garden, Florida, according to Justin W. West, regional manager of the firm's Orlando office. The property sold for $7.6 million.
The three-story, 31,857-square-foot building, is located in the thriving city of Winter Garden, just 20 minutes west of Orlando and within two blocks of SR-429 and the Florida Turnpike.
David Vaughan and Ray Turchi, investment specialists in Marcus & Millichap's Orlando office, had the exclusive listing to market the property on behalf of the local seller, a private investor. The buyer, a transplant from Los Angeles to Key Largo, was represented by Ray Turchi. "The TD Bank Building is a premier office building in the Winter Garden area that attracted numerous buyers. The sale is a good sign for the Orlando MSA office market," said Turchi.
TD Bank Office Building is located at 12200 W Colonial Dr in Winter Garden, Florida. At the time of sale, it was 100% occupied by a mix of tenants, including the anchor tenant TD Bank.
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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.
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Marcus & Millichap Inc. published this content on 23 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2021 22:19:04 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.