Marcus & Millichap Sells Retail Property In Port Charlotte For $7.1M

The property involved in this transaction is a retail asset located at 4265 Tamiami Trail in Port Charlotte. The property spans a total area of 55,160 square feet. The transaction took place on September 30, 2020, and was facilitated by brokers Jim Shiebler, James Garner, and James Medefind from Marcus & Millichap. The final sale price for the property was $7,100,000, resulting in a price per square foot of $129.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $7,100,000
• Address: 4265 Tamiami Trail
• Market: Port Charlotte
• Brokers: Jim Shiebler, James Garner & James Medefind – Marcus & Millichap
• Square Footage: 55,160
• Price per Square Foot: $129

This deal was successfully completed with the help of the skilled brokers from Marcus & Millichap, namely Jim Shiebler, James Garner, and James Medefind. Their expertise and negotiation skills were instrumental in finalizing the transaction for the retail property located at 4265 Tamiami Trail in Port Charlotte.