DALLAS — SRS Real Estate Partners has arranged the $6 million sale of a single-tenant, 5,000-square-foot medical retail property in South Dallas that is net-leased to Total Point Urgent Care. Britt Raymond and Kyle Fant of SRS represented the seller, a Kansas-based investor, in the transaction. The buyer was a Florida-based private investor that acquired the asset via a 1031 exchange. The property traded at a cap rate of 6.6 percent.
ALBANY, WIS. — Marcus & Millichap has brokered the $1.1 million sale of a 9,100-square-foot retail property occupied by Dollar General in Albany, a city in southern Wisconsin. The net-leased building is located at 614 N. Cincinnati St. Dollar General remains on its original 15-year lease for the location. Mitch Grant and Nicholas Kanich of Marcus & Millichap represented the seller, a limited liability company. The buyer was a private investor based in Arizona.
WALPOLE, MASS. — Locally based owner-operator Wilder, in conjunction with an undisclosed partner, has acquired Walpole Mall, a 429,285-square-foot shopping, dining and entertainment destination located roughly 30 miles outside Boston. Tenants at the property include Kohl’s, Aldi, Barnes & Noble, Old Navy, Panera Bread, Aspen Dental, T-Mobile, PetSmart, X Golf, Five Guys and LA Fitness. Justin Smith, Chris Peterson, Sam Koonce and Danielle Donovan of Atlantic Capital Partners, a division of Boston-based Atlantic Realty, represented the undisclosed seller in the transaction and procured Wilder as the buyer.
BEDFORD, N.H. — Marcus & Millichap has brokered the sale of two retail properties in Bedford, located outside of Manchester in the southern part of the Granite State. The buildings total 17,301 square feet and are net leased to grocer Trader Joe’s and restaurant Friendly Toast. Jim Koury and Alex Quinn of Marcus & Millichap represented the seller, a limited liability company, in the transaction. The duo also procured the buyer. Both parties requested anonymity. Thomas Shihadeh of Marcus & Millichap assisted in closing the deal as the broker of record.
FREEPORT, TEXAS — Marcus & Millichap has brokered the sale of Blue Water Self Storage, a 295-unit facility in Freeport, located about 60 miles south of Houston. The seven-building facility was built on 8.2 acres in 1999 and spans 56,600 net rentable square feet. Dave Knobler of Marcus & Millichap represented the seller, a locally based limited partnership, in the transaction. Knobler also procured the buyer, a New York-based limited liability company. Both parties requested anonymity.
KERRVILLE, TEXAS — California-based brokerage firm Matthews Real Estate Investment Services has arranged the sale of Sidney Baker Apartments, a 60-unit multifamily complex in Kerrville, about 65 miles northwest of San Antonio. Units feature one-, two- and three-bedroom floor plans, and amenities include a pool and a pet park. Tyler Marshall of Matthews represented the undisclosed buyer in the transaction. The seller was also not disclosed.
ANDOVER, MASS. — Newmark has brokered the $58 million sale of two office and life sciences buildings totaling 273,662 square feet in Andover, a northern suburb of Boston. The building at 50 Minuteman Road totals 145,262 square feet and serves as the headquarters of Mercury, a provider of technology solutions for the aerospace and defense industries. The facility at 6 Technology Drive spans 128,400 square feet and serves as a design, development and manufacturing hub for Dräger, a supplier of medical and safety technology products. Robert Griffin, Edward Maher, Matthew Pullen and Samantha Hallowell of Newmark represented the seller, California-based REIT Peakstone Realty Trust, in the transaction. The team also procured the buyer, Boston-based Rhino Capital Advisors.
PITTSBURGH — JLL has negotiated the sale of a 125-room Holiday Inn Express & Suites hotel in Pittsburgh. The six-story hotel sits on a 1.7-acre site on the city’s south side and offers an indoor pool, fitness center, business center and 600 square feet of meeting and event space. Ketan Patel and Phil White of JLL represented the seller and procured the buyer, both of which requested anonymity, in the transaction. The sales price was also not disclosed.
RANCHO SANTA FE, CALIF. — Steve Hermann Hotels has sold The Inn at Rancho Santa Fe, an 85-room luxury boutique resort in Rancho Santa Fe, a northern suburb of San Diego. An institutional investment fund purchased the asset for $100 million. The resort is currently undergoing a comprehensive renovation and should be fully operational by the end of this year. Sonnenblick-Eichner Company represented the seller.
CITY OF INDUSTRY, CALIF. — CapRock Partners has acquired Valley Center Business Park, a 6.5-acre, multi-tenant industrial complex in the City of Industry. The property includes about 92,366 square feet of industrial warehouse space across six buildings. It is strategically positioned for value-add investment in the heart of San Gabriel Valley’s industrial market. CapRock plans to enhance the property’s functionality and marketability through immediate capital improvements.