{"id":1004465494,"date":"2020-07-22T02:22:13","date_gmt":"2020-07-22T10:22:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004465494"},"modified":"2025-02-26T03:12:58","modified_gmt":"2025-02-26T11:12:58","slug":"marcus-millichap-arranges-florida-retail-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-florida-retail-sale\/","title":{"rendered":"Marcus & Millichap Arranges Florida Retail Sale"},"content":{"rendered":"
\"\"<\/a>

Gainesville Wawa. Image courtesy of Marcus & Millichap<\/em><\/p><\/div>\n

Marcus & Millichap\u2019s The Babb Group has brokered the $5.7 million sale of Gainesville Wawa, a 5,636-square-foot net-leased retail asset in Gainesville, Fla. Shawn Rupp, Casey Babb and Luis Baez secured and represented the buyer, a private investor. The seller was RMC Property Group, according to public records.<\/p>\n

Opened this April, Gainesville Wawa occupies 2.5 acres at 2373 SW Archer Road, having three access points along Old Archer Road. The developer broke ground on the asset last October, after paying $3.2 million for the land parcel in 2018, public records show. The property is fully leased to Wawa under a 20-year, triple-net contract.<\/p>\n

Gainesville Wawa is roughly 3 miles southwest of downtown Gainesville, alongside one of the city\u2019s most trafficked roads, with Interstate 75 some 2 miles away. The convenience store is less than 1 mile from University of Florida College of Veterinary Medicine. Malcolm Randall VA Medical Center and UF Health are also close by.<\/p>\n

In April, a Marcus & Millichap team arranged the sale<\/a> of a 93,650-square-foot retail center and an adjacent 3,346-square-foot building net leased to Compass Bank in Fort Walton Beach, Fla. First Vice Presidents of Investments James Medefind and Cory Gross assisted the seller and procured the two buyers.<\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in <\/em>our short form<\/em><\/strong><\/a> or send your deal to <\/em>deals@cpe-mhn.com<\/em><\/strong><\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Babb Group’s Shawn Rupp, Casey Babb and Luis Baez represented the buyer of the 5,636-square-foot net-leased property in Gainesville.<\/p>\n","protected":false},"author":870,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21749],"tags":[49828,49831,34836,37853,49834],"class_list":["post-1004465494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-retail","tag-casey-babb","tag-luis-baez","tag-marcus-millichap","tag-rmc-property-group","tag-wawa"],"acf":[],"yoast_head":"\nMarcus & Millichap Arranges Florida Retail Sale - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-florida-retail-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marcus & Millichap Arranges Florida Retail Sale\" \/>\n<meta property=\"og:description\" content=\"The Babb Group's Shawn Rupp, Casey Babb and Luis Baez represented the buyer of the 5,636-square-foot net-leased property in Gainesville.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-florida-retail-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-22T10:22:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-26T11:12:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-florida-retail-sale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-florida-retail-sale\/\",\"name\":\"Marcus & Millichap Arranges Florida Retail Sale - 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