Marcus & Millichap Sells 2,216-SF Single-Tenant, Net-Leased Building in Vidalia, GA

 VIDALIA, GA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a 2,216-square foot Taco Bell (top left photo) located in Vidalia, Ga., according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $795,000.

Leon Brockmeier (middle right photo) and Patrick O’Halloran, retail investment specialists in Marcus & Millichap’s Tampa and Atlanta offices respectively, had the exclusive listing to market the property on behalf of the seller, a Florida-based private investor. 

The buyer, a limited liability company based out of California, was secured and represented by Justin White and John Vorsheck, investment specialists in the Long Beach office, along with Tina Taylor and Ned Zivkovich investment specialists in the Las Vegas office. 

The Taco Bell is located at 400 E. 1st Street (US Hwy 280) in Vidalia.

 “This transaction is a testament to our national platform and our ability to move capital across the country. The buyer was in a 1031 exchange and we were able to sell this deal from start to close in roughly 30 days,” says O’Halloran.

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700

Marcus & Millichap Sells 62-Unit Apartment Property in Tampa, FL for $2.275 Million

 TAMPA, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Raintree Oak (top left photo) , a 62-unit apartment property located in Tampa, Fla, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

 The asset commanded a sales price of $2.275 million.

Robert Jinks (middle right photo), CCIM, senior associate and James Vestal (bottom left photo), associate in the firm’s Tampa office, facilitated the sale on behalf of the seller, a Miami-based private investor.

 The buyer, a limited liability company, was also secured and represented by Jinks and Vestal.

Raintree Oak was built in 1983 and is located at 12710 English Hills Court. 

“Even though this was a fractured condo deal, the property was being operated as a fully functioning apartment complex with high occupancy and was essentially a turnkey asset,” says Vestal.

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700