Marcus & Millichap , a leading commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services, announced the sale of Holiday Inn Express, a 105-room hospitality property located in Florida City, Florida. The asset sold for $10,000,000.
“Florida continues to attract out of state capital despite the current economic uncertainty. After numerous offers, we were able to secure a strong 1031 exchange buyer from California who closed with cash.” Said Ahmed Kabani, Senior Managing Director Investments and Suraj Dalal, Associate.
Ahmed Kabani and Suraj Dalal, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a limited liability company, was procured by Kabani and Dalal.
Holiday Inn Express is located at 35200 S Dixie Hwy near Everglades National Park. The subject property is a 3-story building, built in 2005 and situated on a2.90-acre lot.
About Marcus & Millichap, Inc. (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, 2022, the company had 1,904 investment sales and financing professionals in 81 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 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com.