Marcus & Millichap Facilitates $5.8M Sale of Office Building in Clearwater, Florida

CLEARWATER, Fla., Feb. 2, 2026 - 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 Northside Square, a 49,944-square-foot, three-story office building in Clearwater, Florida. The asset sold for $5.8 million.

"This is a strategic asset right on U.S. 19 with great in place tenancy providing a solid return," said Alex Zylberglait, executive managing director investments. "It provides an owner-user/investor the ability to control a well-designed and maintained asset in a growth Florida market."

Zylberglait and Michael Crocchiola, investment specialists in Marcus & Millichap's Miami office, represented the seller, a private investor in the transaction.

Northside Square is located at 29399 U.S. Highway 19 North on a 3.13-acre site. The property is positioned along one of Clearwater's primary commercial corridors and offers direct access and exposure to U.S. 19. The building was 96% occupied at the time of the sale and has a modern glass exterior, 158 covered parking spaces and flexible floor plans suitable for a range of professional services.

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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.