SACRAMENTO, CALIF. — Marcus & Millichap has brokered the sale of a recently redeveloped multi-tenant retail property located 2654 Marconi Ave. in Sacramento. A partnership sold the 18,510-square-foot retail center for $5.4 million, or $292 per square foot.
At the time of sale, the property was 83 percent occupied by Domino’s Pizza, Pacific Dental, Sacramento Auto Insurance, Fabric Garden and CheVeux Salon. The center is part of a larger redeveloped retail center known at Mueller Corner Shopping Center.
Edward Nelson of Marcus & Millichap represented the seller in the deal. The name of the buyer was not disclosed.