Marcus & Millichap Inc.
08/11/2026 | Press release | Archived content
Marcus & Millichap Arranges $5M Sale of PNC Bank in Coral Springs, Florida
Press Releases
Marcus & Millichap Arranges $5M Sale of PNC Bank in Coral Springs, Florida
August 11, 2026
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CORAL SPRINGS, Fla., Aug. 11, 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 a net-leased bank property in Coral Springs, Florida. The asset sold for $5 million.
"South Florida's retail market remains strong," said Alex Keller, associate investments in Marcus & Millichap's Fort Lauderdale office. "Great locations will always attract demand, making pricing the only real question. For assets like this, investors are looking beyond the lease and recognizing the long-term value of the underlying real estate. A two-acre site along a major South Florida retail corridor is difficult to replicate."
Keller, Barry Wolfe and Alan Lipsky of Marcus & Millichap exclusively marketed the property on behalf of the seller, a local private investor, and procured the buyer, a local investment company.
The property is located at 2561 N. University Drive. The 4,212-square-foot building sits on a 2.01-acre lot and was built in 2012. It is currently occupied by PNC Bank, which has more than 2,500 locations in 27 states. The property is along the main retail corridor of Coral Springs, near major tenants including Publix, Trader Joe's and Whole Foods, and directly across from The Walk at University, a mixed-use retail and office center.
"South Florida's retail market remains strong," said Alex Keller, associate investments in Marcus & Millichap's Fort Lauderdale office. "Great locations will always attract demand, making pricing the only real question. For assets like this, investors are looking beyond the lease and recognizing the long-term value of the underlying real estate. A two-acre site along a major South Florida retail corridor is difficult to replicate."
Keller, Barry Wolfe and Alan Lipsky of Marcus & Millichap exclusively marketed the property on behalf of the seller, a local private investor, and procured the buyer, a local investment company.
The property is located at 2561 N. University Drive. The 4,212-square-foot building sits on a 2.01-acre lot and was built in 2012. It is currently occupied by PNC Bank, which has more than 2,500 locations in 27 states. The property is along the main retail corridor of Coral Springs, near major tenants including Publix, Trader Joe's and Whole Foods, and directly across from The Walk at University, a mixed-use retail and office center.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on August 11, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on August 14, 2026 at 22:29 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]