Marcus & Millichap Brokers Sell Retail Property In Palatka For $8.5M

A retail property located at 400 N. State Road 19 in Palatka has been sold for $8,500,000. The property spans 31.45 acres and offers a total of 195,826 square feet of space. The sale took place on March 3, 2022. The property was listed by Ray Turchi, David Vaughan, and Casey Barker from Marcus & Millichap. The sale price translates to a price per square foot of $43.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $8,500,000
• Address: 400 N. State Road 19, Palatka
• Market: Palatka
• Acres: 31.45

The deal was facilitated by Ray Turchi, David Vaughan, and Casey Barker from Marcus & Millichap. They represented the parties involved in the transaction. The retail property boasts an ample amount of space and is situated in a prime location. The sale of this property signifies a significant investment in the Palatka market.