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Thursday, March 11, 2010 Mixed Use
Marcus & Millichap has negotiated the sale of three net-leased assets totaling $6.76 million to a Michigan-based 1031 investor. Andrew Gallas, a senior associate in the firm's Chicago Downtown office, represented the buyer on all transactions. He also represented both the buyer and seller in the AutoZone transaction. Lori Schneider, senior VP of investments in the Fort Lauderdale office, and John Glass also assisted in the transactions. The Hertz Equipment Rental facility is a 14,958-square foot, 3.84-acre property located near the Florida Turnpike at 19380 SW 106th Ave. in Miami, Fla. and sold for $3.4 million. The building was built in 2008 and is leased on a 20-year basis. The 7,360-square foot facility leased to AutoZone Inc. was built in 2007 and is situated on 1.39 acres at 5222 Garth Road in Baytown, Texas. The property sold for $1.977 million, or $269 per square foot. Colonial Bank, located at 629 Red Lane Road in Roebuck, Ala., is a 3,700-square foot, one-acre property leased to the bank on an absolute triple-net basis through 2019. The property sold for $1.394 million. Address: 19380 SW 106th Ave, Miami, Fla. -5222 Garth Road in Baytown, Texas -629 Red Lane Road in Roebuck, Ala Filed Under: Mixed Use E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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