Marcus & Millichap Sells Retail Portfolio In Venice, Clearwater, Pensacola, Jacksonville, Palm Coast, Dania Beach, Gainesville, Lakeland & Vero Beach For $14.8M

The retail property located at 1290 Jacaranda Boulevard, 645 Bayway Boulevard, 3119 North Davis Highway, 4020 Northwest 26th Street, 6259 Beach Boulevard, 28 North Old Kings Road, 520 Stirling Road, 1527 Northwest 6th Street, 1644 Florida Avenue North, and 1814 Commerce Avenue was recently sold in a closed transaction. The property spans across 8.46 acres and is situated in various markets including Venice, Clearwater, Pensacola, Jacksonville, Palm Coast, Dania Beach, Gainesville, Lakeland, and Vero Beach. The total purchase price for the property amounted to $14,818,000, with a price per square foot of $371. The transaction took place on September 6, 2021.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $14,818,000
• Total Square Footage: 39,899
• Price per Square Foot: $371

The deal was brokered by Jessica Harris, Chad E. Atwood, and Simon Grigoryan of Marcus & Millichap. They represented the parties involved in the transaction, ensuring a successful sale of the retail property.