Press Releases
Marcus & Millichap Brokers $8.9M Sale of Retail Property in Central Florida's Lake Region
November 09, 2026
EUSTIS, Fla., Nov. 9, 2026 – 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 Lake Hills Plaza, a retail property in Eustis, Florida. The asset sold for $8.9 million in a bank-owned REO sale.
“This was a rare opportunity to acquire a Planet Fitness and Ollie’s Bargain Outlet anchored center with meaningful upside, located in one of Central Florida’s fastest-growing markets,” said Drew A. Kristol, senior managing director investments in Marcus & Millichap's Miami office.
Kristol and Kirk Olson, senior managing director investments at Marcus & Millichap, exclusively marketed the property on behalf of the seller, a South Florida-based investment firm.
Located at 2816-2830 S. Bay St., the retail strip totals 93,703 square feet on an 8.16-acre lot. The property was built in 1973 and includes 15 suites across two buildings. Notable tenants include Planet Fitness, Aaron's and Ollie's Bargain Outlet.
The property is situated near the intersection of S. Bay Street and US Route 441. Outparcels of Lake Hills Plaza include McDonald's, RaceTrac and Dutch Bros. Eustis is about 35 miles northwest of Orlando.
“This was a rare opportunity to acquire a Planet Fitness and Ollie’s Bargain Outlet anchored center with meaningful upside, located in one of Central Florida’s fastest-growing markets,” said Drew A. Kristol, senior managing director investments in Marcus & Millichap's Miami office.
Kristol and Kirk Olson, senior managing director investments at Marcus & Millichap, exclusively marketed the property on behalf of the seller, a South Florida-based investment firm.
Located at 2816-2830 S. Bay St., the retail strip totals 93,703 square feet on an 8.16-acre lot. The property was built in 1973 and includes 15 suites across two buildings. Notable tenants include Planet Fitness, Aaron's and Ollie's Bargain Outlet.
The property is situated near the intersection of S. Bay Street and US Route 441. Outparcels of Lake Hills Plaza include McDonald's, RaceTrac and Dutch Bros. Eustis is about 35 miles northwest of Orlando.
# # #
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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
