Acquisitions

Marcus & Millichap Brokers $4.6M Sale of Two Apartment Properties in Roseburg, Oregon

by Amy Works June 23, 2020

ROSEBURG, ORE. — Marcus & Millichap has arranged the sale of West Vue and Poplar Apartments, two multifamily communities located in Roseburg. A private seller sold the assets to a limited liability company for $4.6 million. Located at 731 and 857 NE Alameda Ave., West Vue was built in 1956 and contains 50 units in a mix of two- and three-bedroom layouts, while Poplar Apartments was built in 1965 and features 13 two-bedroom flats. Danalee Corso, Nygel Drury and Whitney Rhoades of Marcus & Millichap’s Portland office represented the seller and buyer in the deal.

June 23, 2020

Acquisitions Midwest Minnesota Retail

Upland Brokers $2.7M Sale of Property Occupied by Big O Tires in West St. Paul

by Kristin Harlow June 23, 2020

WEST ST. PAUL, MINN. — Upland Real Estate Group Inc. has brokered the sale of a retail property occupied by Big O Tires in West St. Paul for $2.7 million. Constructed in 2001, the 7,554-square-foot building is located at 1973 S. Robert St. Buyer and seller information was not disclosed. West St. Paul is a first-ring suburb of St. Paul. There are more than 450 independently owned and operated Big O Tires locations in 23 states.

June 23, 2020

Acquisitions Industrial Self-Storage Texas

Bellomy Brokers Sale of 192-Unit Self-Storage Facility in Lago Vista, Texas

by Taylor Williams June 23, 2020

LAGO VISTA, TEXAS — Bellomy & Co. has brokered the sale of Texas Hills Storage, a 192-unit self-storage facility in Lago Vista, located about 35 miles northwest of downtown Austin. The property spans 28,500 net rentable square feet and includes climate- and non-climate-controlled space. Bill Bellomy and Michael Johnson of Bellomy represented the locally based seller and procured the Arlington, Texas-based buyer in the deal.

June 23, 2020

Acquisitions Development Multifamily Southeast Tennessee

Capstone Negotiates Sale of Multifamily Community Made of Shipping Containers Under Construction in Nashville

by Alex Tostado June 22, 2020

NASHVILLE, TENN. — Capstone Apartment Partners has negotiated the sale of 83 Freight, a planned 83-unit multifamily community being built using shipping containers in Nashville. When complete, the community will offer rooftop balconies, as well as studio, one- and two-bedroom floor plans ranging in size from 320 to 1,280 square feet. The property is situated within Nashville’s Wedgewood-Houston neighborhood, which was historically an industrial district. Now the area is being reimagined and will include the 27,500-seat soccer stadium for the MLS’ Nashville SC. The seller, FMBC Investments, expects to deliver 83 Freight this summer. Adam Klenk, Jonathan Hawks, Tyler Mayo and Austin Heithcock of Capstone represented the seller in the transaction. The undisclosed buyer acquired the property for more than $11 million.

June 22, 2020

Acquisitions Florida Retail Southeast

SRS Brokers $4.7M Sale of New Retail Property Leased to 7-Eleven in Southwest Florida

by Alex Tostado June 22, 2020

FORT MYERS, FLA. — SRS National Net Lease Group has arranged the $4.7 million sale of a retail property leased to 7-Eleven in Fort Myers. The property comprises a 2,961-square-foot convenience store and a gas station. A 15-year lease is in place with 7-Eleven Inc. for the property, which was completed in late 2019. The asset is situated at 6715 Winkler Road, seven miles south of downtown Fort Myers. Parker Walter of SRS represented the buyer, a California-based private investor that was in a 1031 exchange, in the transaction. Frank Rogers and Michael Carter of SRS represented the seller, an undisclosed Florida-based developer.

June 22, 2020

Acquisitions Midwest Ohio Retail

IPA Brokers $46M Sale of Giant Eagle-Anchored Shopping Center in Ohio

by Kristin Harlow June 22, 2020

CUYAHOGA FALLS, OHIO — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $46 million sale of The Plaza at Chapel Hill in Cuyahoga Falls, about 35 miles south of Cleveland. The 458,935-square-foot shopping center is home to Giant Eagle, Burlington and Dick’s Sporting Goods. Scott Wiles, Erin Patton, Craig Fuller, Joseph French Jr. and CJ Jackson of IPA represented the seller, a New York City-based private real estate investment trust. A partnership between Baltimore-based America’s Realty LLC, New York-based Borough Equities and Miami-based Dragonfly Investments purchased the asset. The center was 90 percent occupied by 26 tenants at the time of sale. It was built in several phases between 1985 and 2013. Chris Nevin of First National Bank originated acquisition financing.

June 22, 2020

Acquisitions Indiana Industrial Midwest

Colliers Arranges Sale of Two Industrial Facilities in Indianapolis

by Kristin Harlow June 22, 2020

INDIANAPOLIS — Colliers International has arranged the sale of two industrial facilities within Park 100 on the northwest side of Indianapolis. The sales price was undisclosed. Building 133, located at 5251 E. 81st St., is a 20,530-square-foot warehouse fully leased to Iron Mountain Information Management. Building 641, located at 6061 Guion Road, is an 87,064-square-foot property fully leased to Mauser Packaging Solutions. Alex Cantu and Alex Davenport of Colliers represented the seller, Shear Property Group. Thomas Wiley of Reliant Partners represented the buyer, California-based Tower Investments LLC. Park 100 is a 19 million-square-foot industrial park.

June 22, 2020

Acquisitions Healthcare Indiana Midwest

Stan Johnson Co. Brokers $2.7M Sale of Indiana Healthcare Facility

by Kristin Harlow June 22, 2020

KOKOMO, IND. — Stan Johnson Co. has brokered the $2.7 million sale of a 10,000-square-foot healthcare facility leased to Advanced Medical Imaging in Kokomo in central Indiana. The single-tenant property is located at 2008 W. Boulevard St. Constructed in 2003, the Class B building sits on 1.4 acres near two hospitals. Rachel Walz of Stan Johnson represented the buyer, a Chicago-based private investor. Advanced Nuclear Medicine LLC was the seller.

June 22, 2020

Acquisitions Multifamily New York Northeast

GFI Realty Brokers $7.2M Sale of Multifamily Building in Brooklyn

by Alex Patton June 22, 2020

BROOKLYN, N.Y. — GFI Realty Services LLC has brokered the $7.2 million sale of a four-story, 30-unit multifamily building in the Bath Beach neighborhood of Brooklyn. The 30,960-square-foot building is located at 8678 Bay Parkway and was constructed in 1915. The building is also situated near Bensonhurst Park and offers convenient access to the Bay Parkway transit station. Shlomo Antebi of GFI Realty represented the buyer, the Ragosta family, in the transaction. Erik Yankelovich, also of GFI Realty, represented the seller, Meridian Properties.

June 22, 2020

Acquisitions Retail Texas

Marcus & Millichap Arranges Sale of 14,240 SF Retail Strip Center in Prosper, Texas

by Taylor Williams June 22, 2020

PROSPER, TEXAS — Marcus & Millichap has arranged the sale of North Preston Village, a 14,240-square-foot retail strip center in Prosper, about 35 miles north of Dallas. The property was built on two acres in 2018 and houses tenants such as Orangetheory Fitness and restaurant The Brass Tap. Chris Gainey and Philip Levy of Marcus & Millichap represented the seller, a partnership, in the transaction. The buyer was a locally based 1031 exchange investor.

June 22, 2020

Newer Posts

Older Posts