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Marcus & Millichap to broker sale of Publix-anchored mall in Crawfordville for $14.75 million







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Marcus & Millichap negotiate sale of Publix-anchored mall in Crawfordville for $14.75 million

September 07, 2022

CRAWFORDVILLE, Fla., September 7, 2022 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today hui sale of a mall anchored to Publix in Crawfordville, Florida. The place sold for $14,750,000.

Benedict Gutierrez, a senior partner at Marcus & Millichap’s Miami office, brokered the deal for the buyer, a private investment group.

“Publix chose this location carefully because of its strategic footprint between Tallahassee and its desirable communities further south,” Gutierrez said. “The new owners will benefit from a long-term lease with Publix in a market that is experiencing tremendous population growth.”

The Crawfordville Commons Shopping Center is located at 2343 Crawfordville Highway. The fully leased 8-acre, 54,804-square-foot center includes the area’s first Publix supermarket, Jimmy Johns, and two other tenants. Publix was completed in mid-July and opened to the public in August.

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About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices in the United States and Canada. As of December 31, 2021, the company had 1,994 sales and investment finance professionals across 82 offices that provide investment brokerage and finance services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to its clients. Marcus & Millichap completed 13,255 deals in 2021, with sales volume of approximately $84.4 billion. For more information, please visit www.MarcusMillichap.com.

Disclaimer

Marcus & Millichap Inc. published this content on September 07, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on September 07, 2022 20:59:08 UTC.

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2022 sales 1,491 million

Net income 2022 158 million

Net debt 2022

PER 2022 ratio 9.51x
2022 return 4.05%
Capitalization 1,478 million
1,478 million
capi. / Sales 2022 0.99x
capi. / Sales 2023 0.87x
# of employees 801
Floating 96.7%

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Number of analysts 1
Last closing price $37.00
Average target price $30.00
Average Spread / Target -18.9%