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Oviedo Tire Choice Sells for $3.4 Million

September 22, 2021

OVIEDO, FL, September 22, 2021 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Tire Choice, a 5,420-square-foot net-leased property located in Oviedo, Florida, according to Benjamin Yelm, regional manager of the firm’s Raleigh office. The asset sold for $3,400,000.

“This is the fifth exchange for my retired client, balancing a very nice investment portfolio of net-lease and triple-net lease retail properties,” says Donald Gilchrist, associate director in the Net Leased Properties Group.

Gilchrist secured and represented the buyer in this transaction. Ryan Nee assisted in closing the deal as the Florida broker of record.

Tire Choice is located at 318 W Mitchell Hammock Rd in Oviedo, Florida. The building was built in 2019 and sits on 1.90 acres of land.

 

 

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About Marcus & Millichap (NYSE: MMI)

With over 2,000 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 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap 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.

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