Press Releases
Marcus & Millichap Arranges $4.5 Million Sale of Retail Asset in Ocala
May 15, 2025
OCALA, Fla., May 15, 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 Firestone, a net-leased property located in Ocala, Florida. The asset sold for $4,540,000.
“New construction Firestone properties continue to achieve aggressive pricing, fueled by strong credit, limited inventory, and growing demand from an expanding pool of 1031 exchange buyers," said Don McMinn, senior managing director investments.
McMinn, investment specialist in Marcus & Millichap’s Atlanta office, had the exclusive listing to market the property on behalf of the seller, a Georgia-based developer. Ryan Nee is the firm’s broker of record in Florida.
The 6,723-square-foot property is 100 percent leased to Firestone, a subsidiary of Bridgestone Retail Operations, LLC, under a new 15-year absolute triple-net lease. Built in 2024 and located at 30 Bahia Ave., the property is positioned on Highway 464, adjacent to a Publix-anchored center and Walmart Supercenter.
“New construction Firestone properties continue to achieve aggressive pricing, fueled by strong credit, limited inventory, and growing demand from an expanding pool of 1031 exchange buyers," said Don McMinn, senior managing director investments.
McMinn, investment specialist in Marcus & Millichap’s Atlanta office, had the exclusive listing to market the property on behalf of the seller, a Georgia-based developer. Ryan Nee is the firm’s broker of record in Florida.
The 6,723-square-foot property is 100 percent leased to Firestone, a subsidiary of Bridgestone Retail Operations, LLC, under a new 15-year absolute triple-net lease. Built in 2024 and located at 30 Bahia Ave., the property is positioned on Highway 464, adjacent to a Publix-anchored center and Walmart Supercenter.
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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.
