JACKSONVILLE, FL, March 11, 2021 – 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 DaVita, a net-leased property located in Jacksonville, FL, according to David G. Bradley, regional manager of the firm’s Tampa office. The asset sold for $2,110,553.
The buyer, a private investor, was secured and represented by Jim Shiebler, James Garner and James Medefind, investment specialists in Marcus & Millichap’s Tampa office.
“We represented this 1031 exchange buyer who sold a mixed-use asset in NY. We successfully negotiated a healthy return and, the property boasts large annual increases, ensuring a long-term stable cash flow stream for our purchaser. This essential service asset is well positioned in a dense market, possesses exceptional core retail characteristics, and is surrounded by dozens of nationally recognized tenants. The purchaser appreciated the fact that the tenant spent over $600,000 on a recent remodel of the interior and is poised for sustained tenancy at the site. This extremely stable and emerging product type has long term weekly clients and is fortified in today’s ever-changing market,” says Mr. Shiebler.
DaVita is located at 9535 Regency Square Blvd in Jacksonville, FL. As of June 30, 2020, DaVita served 205,000 patients at 2,795 outpatient dialysis centers in the United States. The company also operated 287 outpatient dialysis centers in ten countries across the world. The company’s 2019 revenue totaled $11.388 billion. In 2019, Javier Rodriguez became CEO of DaVita and shortly after was ranked among the most influential people in U.S. health care by Modern Healthcare.
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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.
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