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Marcus & Millichap Brokers Sale of A 50,544-SF Retail and Office Center in Orlando for $8.82 Million

May 10, 2022

WINTER SPRINGS, Fla., May 10, 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 Villaggio of Winter Springs, a 50,000-square-foot retail and office center in Winter Springs, Florida. According to Ryan Nee, senior vice president and division manager of the firm’s Fort Lauderdale office, the property sold for $8,820,000 or $174.50 per square feet.

Douglas Mandel, executive managing director investments in the firm’s Fort Lauderdale office, along with Braden Dwyer and Scott Gould, investment specialists in Marcus & Millichap’s Orlando office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a partnership, was procured by David Vaughan and Ray Turchi in Marcus & Millichap’s Orlando office.

Villagio of Winter Springs was constructed on the 7.36-acre site in 2005. It is strategically situated between Interstate 4 (I-4) and state road 417 (SR-417), with direct frontage on East State 434. Located at 851 E State Road 434, the property’s tenants include Perfect Pours, Señor Tequila Mexican Grill, Cornerstone Veterinary Center, along with national tenants TrustCo Bank and Marco’s Pizza.

 

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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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