Press Releases
Marcus & Millichap Brokers $10.82M Sale of North Port Village Retail Center
October 22, 2025
NORTH PORT, Fla., Oct. 22, 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 North Port Village, a fully occupied, 66,083-square-foot retail center in North Port, Florida. The property sold for $10,820,000.
“The sellers of North Port Village recently completed a $3 million renovation of the property, which included new roofs and façade upgrades across a majority of the center’s square footage,” said Drew Kristol, senior managing director investments in Marcus & Millichap’s Miami office. “New anchor tenants, Planet Fitness and Do The Beach indoor children’s facility, recently opened, bringing the current occupancy to 100 percent.”
Kristol and Kirk Olson, also a senior managing director investments, represented the seller, a South Florida-based real estate investment firm. The buyer, a private investor from Seattle, was procured by Marcus & Millichap’s Clayton Brown, Luke Holsinger and Ruthanne Loar from the firm’s Seattle office.
North Port Village, located at 14255 S. Tamiami Trail, sits on 7.88 acres at the corner of Tamiami Trail and North Port Boulevard, which sees more than 42,400 vehicles per day. The 12-tenant property is anchored by Planet Fitness and includes national, regional and local tenants such as Humana, NAPA Auto Parts and Do The Beach Adventure Park.
“The sellers of North Port Village recently completed a $3 million renovation of the property, which included new roofs and façade upgrades across a majority of the center’s square footage,” said Drew Kristol, senior managing director investments in Marcus & Millichap’s Miami office. “New anchor tenants, Planet Fitness and Do The Beach indoor children’s facility, recently opened, bringing the current occupancy to 100 percent.”
Kristol and Kirk Olson, also a senior managing director investments, represented the seller, a South Florida-based real estate investment firm. The buyer, a private investor from Seattle, was procured by Marcus & Millichap’s Clayton Brown, Luke Holsinger and Ruthanne Loar from the firm’s Seattle office.
North Port Village, located at 14255 S. Tamiami Trail, sits on 7.88 acres at the corner of Tamiami Trail and North Port Boulevard, which sees more than 42,400 vehicles per day. The 12-tenant property is anchored by Planet Fitness and includes national, regional and local tenants such as Humana, NAPA Auto Parts and Do The Beach Adventure Park.
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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.
