Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of MetroWest Center, a 28,282-square foot office property located in Orlando, FL, according to Justin W. West, regional manager of the firm’s Orlando office. The asset sold for $7,350,000.
Salim Valiani, an investment specialist in Marcus & Millichap’s Orlando office, had the exclusive listing to market the property on behalf of the seller, a private investor.
“This property has been a pride of ownership for the Seller and hopes it will be cherished by the new owners the same way. The property is well positioned with a long-term lease with the State of Florida’s Department of Children and Families as a majority tenant in the building. The Orlando market has seen tremendous growth in office rental properties. The Buyer understands the opportunity and is looking to benefit from the continued market growth. We are here to continue to deliver results for our Buyers and Sellers, equally,” says Valiani
MetroWest Center is located at 882 South Kirkman Road in Orlando, FL.
About Marcus & Millichap (NYSE: MMI)
With over 2,000 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 9,726 transactions in 2019 with a value of approximately $50 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.