Press Releases
Marcus & Millichap Brokers $11.3 Million Sale of Mixed-Use Retail and Office Property in Central Florida
March 11, 2025
CLERMONT, Fla., Mar. 11, 2025 – 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 Legends Pointe, a two-building mixed-use retail and medical office property in Clermont, Florida, for $11.3 million.
"We received strong interest in this asset from the start,” said Yassin Benkabbou, associate. “A group from South America came in with the strongest terms among multiple offers, highlighting capital migration to Central Florida and Marcus & Millichap's ability to source international investment.”
Benkabbou and Salim Valiani, investment specialists in Marcus & Millichap’s Orlando office, represented the seller in the transaction, a local limited liability company.
Located at 4290-4300 S Hwy 27, Legends Pointe consists of 47,418 square feet across two buildings on a 4.31-acre lot. The property was recently renovated and is positioned along Highway 27, which sees 36,000 vehicles daily, offering high visibility. It features 18 office suites and 10 retail units.
"We received strong interest in this asset from the start,” said Yassin Benkabbou, associate. “A group from South America came in with the strongest terms among multiple offers, highlighting capital migration to Central Florida and Marcus & Millichap's ability to source international investment.”
Benkabbou and Salim Valiani, investment specialists in Marcus & Millichap’s Orlando office, represented the seller in the transaction, a local limited liability company.
Located at 4290-4300 S Hwy 27, Legends Pointe consists of 47,418 square feet across two buildings on a 4.31-acre lot. The property was recently renovated and is positioned along Highway 27, which sees 36,000 vehicles daily, offering high visibility. It features 18 office suites and 10 retail units.
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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 www.MarcusMillichap.com.
