Marcus & Millichap has successfully brokered the sale of a 64,031-square-foot net-leased Publix store at 8701 W. Hillsborough Ave. in Tampa, FL for $7.25 million representing a 3.38 percent cap rate on 6.29 acres built in 1977 .
Evan Cannan, Senior Associate said “It was an honor to represent the sellers and their property that has been part of their family for nearly a century – from dirt to Albertsons ground lease in 1978 and now as Publix – this asset is highly sought after real estate” Reid Thedford , Investment Specialist from Marcus & Millichap’s Tampa office had exclusive listing rights while Dean Zang , David Crotts and Josh Ein from Marcus & Millichap’s Washington D.C office procured the highest offer during bidding process .
