Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Sweet Tomatoes, a 6,800-square foot, ground leased retail building located on 1.1 acres in West Palm Beach, Fla. The asset sold for $2,687,500.

Douglas K. Mandel, a senior vice president investments, Barry M. Wolfe, a first vice president investments, and Alan Lipsky, an associate, all in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Parkland, Fla. The buyer was a limited liability company from Sunny Isles Beach, Fla.

Sweet Tomatoes is located at 1900 Palm Beach Lakes Boulevard, immediately off Interstate-95 and one-half mile from the Palm Beach Outlets. The restaurant is located in a densely populated area near many national retailers including Whole Foods Market, Publix and Target.

About Marcus & Millichap (NYSE: MMI)

With over 1,600 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com