Marcus & Millichap announced the sale of a 112,010-square-foot grocery anchored multi-tenant retail property located in Waukesha, Wisconsin. The asset sold for $14,900,000 with a CMBS loan placed on the acquisition.
Senior Managing Directors Austin Weisenbeck and Sean R. Sharko and Associate Marc Sitzer had the exclusive listing to market the property on behalf of the seller, a limited liability company with the decision makers being based overseas. Having procured multiple offers, Weisenbeck, Sitzer and Sharko secured and represented the buyer, a professional Michigan-based limited liability company. Regional Manager Todd Lindblom assisted in closing this transaction.
Located at 601-921 Meadowbrook Road in Waukesha, Wisconsin, this 112,010-square-foot property is anchored by Sendek’s Grocery Store. Seven of the tenants have remained at the property for over a decade, ensuring stability and loyalty. Notable occupants include Walgreens, McDonald’s, and Cost Cutters, who are present for over two decades, adding to the center’s historically strong occupancy.
