Press Releases
Marcus & Millichap Facilitates $10.65 Million Sale of Newly Built 7-Eleven in Naples
November 05, 2024
NAPLES, Fla., Nov. 5, 2024 – 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 a newly built 7-Eleven in Naples, Florida, for $10,650,500.
“The buyer was a family fund in a 1031 exchange that transitioned out of a multi-tenant asset,” says Alan Lipsky, senior vice president investments. Barry Wolfe, senior managing director investments, adds, “The market is still strong for high-quality net-leased deals, and this property was a perfect fit for the client.”
Lipsky and Wolfe, investment specialists in Marcus & Millichap’s Fort Lauderdale office, represented the buyer, a local limited liability company.
Located at 13677 Immokalee Road, this newly constructed 7-Eleven features a convenience store, gas station, and car wash, with a 15-year absolute triple-net lease.
“The buyer was a family fund in a 1031 exchange that transitioned out of a multi-tenant asset,” says Alan Lipsky, senior vice president investments. Barry Wolfe, senior managing director investments, adds, “The market is still strong for high-quality net-leased deals, and this property was a perfect fit for the client.”
Lipsky and Wolfe, investment specialists in Marcus & Millichap’s Fort Lauderdale office, represented the buyer, a local limited liability company.
Located at 13677 Immokalee Road, this newly constructed 7-Eleven features a convenience store, gas station, and car wash, with a 15-year absolute triple-net lease.
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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, 2023, the company had 1,783 investment sales and financing professionals in over 80 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
