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Marcus & Millichap Brokers the Sale of a 78,936-SF Retail Plaza for $6.5 Million

June 09, 2022

MELBOURNE, Fla., June 9, 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 Apollo Crossings, a 78,936-square-foot retail plaza in Melbourne, Florida. The property sold for $6.5 million.

Ray Turchi and David Vaughan in Marcus & Millichap’s Orlando office had the exclusive listing to market the property on behalf of the seller, a private New York investor. The buyer, a private Florida investor, was procured by Turchi and Vaughan.

Built in 1989 on a 7.66-acre lot, the retail plaza is located at 1288 Sarno Road, at the intersection of Apollo Boulevard and Sarno Road with easy access to Interstate 95 (I-95), U.S. Highway 1 (US-1) and State Road 518 (SR-518).

 

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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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