Marcus & Millichap facilitated the sale of Elmore Avenue Shoppes, a fully occupied, six-unit retail center in Davenport, Iowa. The property sold for more than $2.35 million.
Jeff Rowlett, investment specialists in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller, GPH Davenport Retail, LLC. Jon Ruzicka, Broker of Record in Iowa, assisted in closing the transaction.
Elmore Avenue Shoppes are located at 4810 Elmore Ave. just off Interstate 74. Tenants of the 9,835-square-foot retail strip include GameStop, Hungry Hobo, Computer Repair Center, Indy Smoke Time, Novel Nail Time, and 100% Chiropractic. Built in 2002, the property is situated in a dense retail market with nearby national retailers including Ashley HomeStore, Aldi, Best Buy and Target.
