Marcus & Millichap Brokers $10.8 Million Sale of Retail Center Near Orlando Theme Parks and Dr Phillips Area

ORLANDO, Fla., Oct. 9, 2024 - 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 Turkey Lake Plaza, a 19,719-square-foot retail center in Orlando, Florida, for $10,821,360.

"This transaction highlights the continued demand for well-located retail centers in high-growth areas like Dr. Phillips," said Tarek Chbeir, senior associate in Marcus & Millichap's Orlando office, who procured the local private investor. "Turkey Lake Plaza offers a strong mix of local, regional, and national tenants and an ideal location, making it an attractive investment in the current market environment."

Built in 2010, Turkey Lake Plaza is located at 7858 Turkey Lake Road in the heart of the Dr. Phillips area, just five minutes from Universal Studios. The center features a diverse mix of 12 tenants, including Gyu-Kaku Japanese BBQ and other local businesses.

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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, 2023, the company had 1,783 investment sales and financing professionals in over 80 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.