Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Aldi Ground Lease, a 16,581 square-foot net-leased property located in Manitowoc, WI, according to Steven D. Weinstock, Vice President / Regional Manager of the firm’s Chicago Oak Brook office. The asset sold for $975,000.
Austin Weisenbeck, Aaron Baum and Sean R. Sharko, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, the original developer. The buyer, a national real estate investor, was also secured and represented by Sean R. Sharko, Austin Weisenbeck and Aaron Baum. Matthew Fitzgerald, Broker, assisted in closing this transaction.
Aldi Ground Lease at 4111 Harbor Town Lane, Manitowoc, WI sold in 43 days. The property sits on 1.78 acres and the store size is 16,581 square feet. This asset is the outlot to a larger retail development. Recently built in 2010, the property sits facing the major retail thoroughfare.
ALDI is in a prime location, immediately across the street from a Wal-Mart Supercenter.
