Press Releases
Marcus & Millichap Announces Sale and Financing of Ace Hardware Property in Winter Garden, Florida
May 12, 2025
WINTER GARDEN, Fla., May 12, 2025 – 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 net-lease Ace Hardware property in Winter Garden, Florida for $5,313,043. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, secured $2 million in financing.
“The buyer was drawn to the strength of the Hamlin submarket and recognized the long-term value in securing a new-construction asset with a long lease in a rapidly expanding area,” said Tarek Chbeir, vice president investments. “This sale underscores how familiar, high-growth Florida markets continue to attract 1031 exchange buyers seeking stability and appreciation potential.”
Zack House, Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller. Chbeir from the firm’s Orlando office procured the buyer.
Garrett Fierstein, senior director in the firm’s Orlando office, secured the financing with a local credit union on behalf of the buyer.
The property, located on 1.41 acres at 5175 Hamlin Groves Trail, was built in 2024 and is secured by a new 15-year absolute triple-net lease. Positioned just off State Road 429 in a growing retail corridor, the site benefits from strong area demographics and market fundamentals. Within a five-mile radius, the population exceeds 383,000 with an average household income of more than $102,000. The property is located within 10 miles of Walt Disney World Resorts in the Orlando MSA.
“The buyer was drawn to the strength of the Hamlin submarket and recognized the long-term value in securing a new-construction asset with a long lease in a rapidly expanding area,” said Tarek Chbeir, vice president investments. “This sale underscores how familiar, high-growth Florida markets continue to attract 1031 exchange buyers seeking stability and appreciation potential.”
Zack House, Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller. Chbeir from the firm’s Orlando office procured the buyer.
Garrett Fierstein, senior director in the firm’s Orlando office, secured the financing with a local credit union on behalf of the buyer.
The property, located on 1.41 acres at 5175 Hamlin Groves Trail, was built in 2024 and is secured by a new 15-year absolute triple-net lease. Positioned just off State Road 429 in a growing retail corridor, the site benefits from strong area demographics and market fundamentals. Within a five-mile radius, the population exceeds 383,000 with an average household income of more than $102,000. The property is located within 10 miles of Walt Disney World Resorts in the Orlando MSA.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
