MARCUS & MILLICHAP ARRANGES $1.6 MILLION SALE OF CVS/PHARMACY

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DETROIT — Marcus & Millichap has brokered the sale of a CVS/pharmacy located at 13600 East 7 Mile Rd. in Detroit. An East Coast-based 1031 exchange partnership has purchased the 10,880-square-foot building from an undisclosed seller for $1.6 million. Simon Jonna and Brandon Hanna of Marcus & Millichap represented the seller in the transaction. The transaction marks the third CVS/pharmacy that Jonna and Hanna have sold in the past 30 days.

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