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MIAMI -- Fourteen unbranded service stations, mostly in Miami-Dade County, are hitting the market with an asking price of $31 million.
The seller, a private investment company, has tapped Marcus & Millichap Real Estate Investment Services to represent the sale. The stations distribute approximately 23 million gallons of fuel, according to Kirk A. Felici, vice president/regional manager of the firm's Miami office.
"We have had numerous inquiries from dealers, distributors, retail developers and investors in the first week of marketing the assets," said Ronnie S. Issenberg, investment specialists in Marcus & Millichap's Miami office. Issenberg and Gabriel Britti, also an investment specialist in the Miami office, have the listing to market the properties.
The sites can be delivered free and clear of any distribution or branding agreement, according to the real estate firm, and most have well-established dealers in place.