Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale ofa Firestone, a 33,106 square-foot,net-leased propertylocated in Coconut Creek, Florida. The asset sold for $5,400,000.
“Our Team provided the original opportunity to the Seller with the adjacent Shell gas stationand once the parcels were split, facilitated the sale of the Firestone to a private investor,”said Ronnie Issenberg, senior managing director. Ricardo Esteves and Ronnie Issenberg, investment specialists in Marcus & Millichap’s Miami office, also had the exclusive listing to market the property Petro Realty Investments, a limited Liability company.
The Firestone is located at 6350 North State Road 7 with 84 feet of frontage, adedicated turn lane, full street level visibility to 58,253 vehicles perday, and multiple points of ingress/egress through the shoppingcenter. The asset is just off the entrance/exit ramp to the SawgrassExpressway. State Road 7 in CoconutCreek is a dense retail corridor, home to leading national tenantsincluding BJs, Starbucks, Publix, Walmart Supercenter, Kohl’s,Chick-fil-A, CVS, Home Depot, Marriott, and many more. SeminoleCasino Coconut Creek and Florida’s Turnpike are less than 1-mileaway. Interstate 95 is less than 2-miles away.
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.
