MARCUS & MILLICHAP ARRANGES THE SALE OF A 10,000-SQUARE-FOOT, NET-LEASED PROPERTY
PORT SAINT LUCIE, FLORIDA, January 12, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of the former Fortiline, Inc. facility, a 10,000-square-foot, net-leased property located in Port Saint Lucie, Florida, according to Craig R. Swanson, regional manager of the firm’s Austin office.
Patrick Doherty and Scott A. Ryan, investment specialists in Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was also secured by Patrick Doherty and Scott A. Ryan. Kirk Felici, Broker, assisted in closing this transaction.
Patrick Doherty and Scott A. Ryan represent landlords nationwide in the sale of single-tenant net leased equipment rental properties. This was the 12th single-tenant property marketed and sold by this team in the last 18 months.
Built in 2009, the former Fortiline, Inc. facility is located at 8920 Northwest Glades Cutoff Road in Port Saint Lucie, Florida on 5.08 acres.
# # #
About Marcus & Millichap (NYSE: MMI)
With over 1,500 investment 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 over 7,600 transactions in 2014 with a value of approximately $33.1 billion. The company 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
UNITED STATES: Atlanta · Austin · Bakersfield · Birmingham · Boise · Boston · Brooklyn · Charleston · Charlotte · Charlotte Uptown · Chicago Downtown · Chicago Oak Brook · Chicago O’Hare · Cincinnati · Cleveland · Columbia · Columbus · Corpus Christi · Dallas · Denver · Detroit · Encino · Fort Lauderdale · Fort Worth · Fresno · Greensboro · Houston · Indianapolis · Iowa · Jacksonville · Kansas City · Lafayette · Las Vegas · Little Rock · Long Beach · Los Angeles · Louisville · Manhattan · Memphis · Miami · Milwaukee · Minneapolis · Mobile · Nashville · New Haven · New Jersey · Newport Beach · Oakland · Oklahoma City · Ontario · Orlando · Palm Springs · Palo Alto · Philadelphia · Phoenix · Pittsburgh · Portland · Raleigh · Reno · Sacramento· St. Louis · Salt Lake City · San Antonio · San Diego · San Francisco · Seattle · Southern Virginia · Tampa · The Woodlands · Tulsa · Ventura · Washington, D.C. · West Los Angeles · Westchester CANADA: Calgary · Ottawa · Toronto · Vancouver