Marcus & Millichap Sells Parcel of Land in Bradenton

10/22/2009 2:51:50 AM

Marcus & Millichap Sells Parcel of Land in Bradenton

 

Marcus & Millichap Sells Parcel of Land in Bradenton, Fla.
ST. PETERSBURG, FL, September 22, 2009– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a one-acre parcel of land located in Bradenton, Fla., according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office. The asset commanded a sales price of $287,500.
 Michael J. Jaworski, an investment specialist in Marcus & Millichap’s Tampa office secured the buyer, a Pinellas County developer.

The property is located at 8605 East SR 70 in Bradenton, Florida. “This land was owned by the FDIC and was a former Freedom Bank asset” noted Jaworski.  “This is one example of the growing pipeline of distressed assets from banks that have failed” added Jaworski.


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