Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Holiday Trail Plaza, a 24,635-square-foot shopping strip in Kissimmee, Florida. The property sold for $6,750,000 million.
“This center contained a healthy mix of local tenants that complimented the anchor well. The move to central Florida for the New Jersey buyers was emblematic of a trend we see more and more, with capital migrating into the state from the Northeast,” said Tim Giambrone, senior vice president investments. “The marketing produced multiple compelling offers from qualified prospects in a very competitive campaign which allowed the seller to close the transaction without any price adjustments.”
Giambrone had the exclusive listing to market the property on behalf of the seller, a local private investor. The buyer, a private investor, was also procured by Giambrone.
Holiday Trail Plaza is located at 5877 W Irlo Bronson Memorial Hwy, which is 1.5 miles from Walt Disney World Corporate Offices and minutes from Disney World Parks & Resorts, SeaWorld, Universal Studios, ESPN Wide World of Sports, and other major attractions. Built in 1998, the fully leased 2.12-acre strip center is situated parallel to a primary retail corridor and is anchored by a New Balance Factory Store among two other tenants.
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.
