Marcus & Millichap Sells Two-Tenant Retail Center In Bonita Springs For $3.825M

A 4,665-square-foot, two-tenant retail center located at 27250 Bay Landing Drive in Bonita Springs has been sold for $3,825,000. The property, fully leased to Starbucks and Tide Cleaners, traded at 99% of the list price amidst strong investor demand, benefiting from long-term triple-net leases from national tenants.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,825,000
• Square Footage: 4,665
• Price Per Square Foot: $820
• Address: 27250 Bay Landing Drive
• Market: Bonita Springs
• Brokers: Chris Garavaglia, Andrew Muth, Alex Perez & Ryan Nee - Marcus & Millichap

Marcus & Millichap facilitated the transaction representing a private developer seller and sourcing a Florida-based investor buyer, highlighting the brokerage's role in connecting the parties involved in this deal.