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Florida & Gulf Coast  + Central Florida  + Retail  |  December 6, 2020
National retailers including 7-Eleven have few stores in New York City now than they did before the pandemic, according to the Center for an Urban Future
David Cohen
By: David Cohen

Marcus & Millichap Brokers $6M Sale of Lake Alfred Retail Property

Marcus & Millichap has brokered the $6 million sale of a 3,500-square-foot retail property net-leased to 7-Eleven in Lake Alfred, FL. Located at 180 N Lake Shore Way, the new construction is net-leased to 7-Eleven on a 15-year fee simple lease.

Gabriel Britti and Ronnie Issenberg of Marcus & Millichap’s Miami office, along with Kevin O’Hanlon of Marcus & Millichap’s Boston office represented the seller, a limited liability company, in the transaction.

“There were numerous all cash offers on the deal, showing the strong demand for Florida, credit tenant, absolute, net-lease single tenant investments especial service stations with accelerated depreciation,” said Issenberg.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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