Marcus & Millichap Real Estate Investment Services of Florida, Inc.(NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Country Oaks Retail Center, a 88,550-square-foot retail shopping center located in Ocala, Florida, according to Grant Fitzgerald, regional manager of the firm’s Columbus office. The property sold for $10,539,673 million.
“Country Oaks is a 100% occupied shopping center, shadow anchored by Walmart Supercenter and anchored by Bealls. 87% of the shopping center is leased to national and regional retailers, including Dollar Tree and Sherwin Williams,” said Scott Wiles, senior managing director investments. Wiles and Craig Fuller, investment specialists in Marcus & Millichap’s Cleveland office, along with Erin Patton, senior managing director in Marcus & Millichap’s Columbus office, Drew Kristol and Kirk Olson, investment specialists in Marcus & Millichap’s’ Miami Office, had the exclusive listing to market the property on behalf of the seller, a Florida-based limited liability company and the buyer, a Delaware-based limited liability company. Ryan Nee, Florida Broker of Record, assisted in closing this transaction.
Country Oaks Retail Center is located at 9598 Southwest 114th Street. The property is located approximately 6 miles from Marion County Airport and a few feet from national retailer Wal-Mart.
About Marcus & Millichap (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, 2021, the company had 1,994 investment sales and financing professionals in 82 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 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.