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 Wendy's Melbourne, a 2,781-square foot net-leased property located in Melbourne, FL, according to Scott Lunine, Regional Manager of the firm’s Miami office. The asset sold for $1,325,000.

Gabriel Britti and Ronnie Issenberg, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

Wendy's Melbourne is located at 1150 South babcock Street in Melbourne, FL and is operated by one of the largest Florida, Wendy’s franchisees. “There were multiple offers as this part of our state is highly sought after by National Investors and its proximity to the Orlando, Melbourne International Airport,” says Issenberg. “In our opinion, Florida is now the most desirous state for commercial real estate investments. The state’s population growth is off the charts! We can’t keep up with the demand for Florida assets.” Adds Britti

About Marcus & Millichap (NYSE: MMI)

With over 1,800 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 9,000 transactions in 2017 with a value of approximately $42.2 billion. Marcus & Millichap 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