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Marcus & Millichap Brokers the Sale of a First-Class Medical Office Building for $7.75M

January 06, 2022

MAITLAND, Fla., Jan. 6, 2022 – 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 Point 100, a 40,726-square foot, three-story office property located in Maitland, Florida, according to Justin W. West, regional manager of the firm’s Orlando office. The property sold for $7,750,000.

David Vaughan and Ray Turchi, investment specialists in Marcus & Millichap’s Orlando office, had the exclusive listing to market the property on behalf of the seller, a private local investor. The buyer, WS Properties of Orange County, LLC, was also procured by Vaughan and Turchi.

“Point 100 is a premier Maitland office building, and this sale is a good indication of the reinstated confidence in the Orlando MSA office market as a whole,” said Vaughan.

Point 100 is located at 100 E Sybelia Avenue in Maitland, Florida, with close proximity to the new downtown district, Uptown Maitland Senior Living complex, and Maitland City Centre. Constructed in 1982 and extensively renovated in recent years, the 20-suite office tenant roster includes AdventHealth Medical Group, Nemours Children’s Health and Acentria Insurance.

 

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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.

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