MARCUS & MILLICHAP ARRANGES THE SALE OF A 15,000-SQUARE-FOOT NET-LEASED PROPERTY
LEESBURG, FLORIDA, January 17, 2017 – 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 United Rentals, a 15,000-square-foot, net-leased property located at 100 Weber Avenue in Leesburg, Florida, according to Craig R. Swanson, regional manager of the firm’s Austin office.
David Houston, 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 private investor. Kirk Felici acted as the Broker of Record in closing this transaction. The team generated a total five offers during the 75-day marketing campaign.
Patrick Doherty, David Houston, and Scott A. Ryan represent landlords nationwide in the sale of single-tenant, net-leased industrial properties. This focus has allowed the team to build a niche in single-tenant, net-leased assets resulting in over 25 successful transactions in 10 states since 2014.
The property is two acres, located off Highway 44 on Weber Avenue. United Rentals has occupied this space since 2001. United Rentals is the largest construction equipment rental company in the world, with a store network nearly three times the size of any other provider, and locations in 49 states and 10 Canadian provinces.
# # #
About Marcus & Millichap (NYSE: MMI)
With over 1,600 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 over 8,700 transactions in 2015 with a value of approximately $37.8 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