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Marcus & Millichap Brokers $3.5M Sale of a Net-Leased Retail Property

1837-Street-Road-Bensalem-PA

Kmart has leased the 100,000-square-foot property at 1837 Street Road in Bensalem, Pa., since 1983.

BENSALEM, PA. — Marcus & Millichap has brokered the sale of a net-leased property located at 1837 Street Road in Bensalem. The 100,000-square-foot asset sold for $3.5 million. The property is occupied by a Kmart, which has been at this location since 1983. John Reehil of Marcus & Millichap represented the seller, a partnership, and procured the buyer, a limited liability company, in the transaction. Mark Taylor, also of Marcus & Millichap, assisted in closing the deal.

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