TAMPA, FL—Though it may seem that way at times, net leased sales aren't all about drug stores and banks. A Midas automotive center in the Clearwater, FL—part of the Tampa Bay metro areas—has traded hands.
James Medefind, an associate in Marcus & Millichap's Tampa office, Kirk D. Olson and Drew A. Kristol, vice presidents investments in the firm's Miami office, represented the Miami-based seller, a limited liability company. Armando Rodriguez, associate in the firm's Tampa office, found the buyer, private investor from California.
The net leased asset, which is currently subleased to Charlie's Car Care, sold for $600,000. Although the sale price isn't overly impressive, the reasons bode well for Florida real estate.
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