Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Vitamin Shoppe | Starbucks | AT&T, a 6,798-square foot retail property located in Livonia, MI, according to Steven D. Weinstock, Vice President/ Regional Manager of the firm’s Chicago Oak Brook office. The asset sold for $3,060,000.
Aaron Baum, Sean R. Sharko and Austin Weisenbeck, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, MCH Development. The buyer, a private investor, was secured and represented by Layth Barash and Simon Jonna, investment specialists in Marcus & Millichap’s Detroit office.
Vitamin Shoppe | Starbucks | AT&T is located at 12961 Middlebelt Road in Livonia, MI. The subject property sold in 30 days at 96 percent of its original price and is situated on the pad of a brand new Menards. The property will be fully leased and occupied by nationally recognized tenants such as Vitamin Shoppe, Starbucks and AT&T. Anchored by a 203,000-square foot Wal-Mart SuperCenter and 126,742-square foot Target, Wonderland Village brings an exciting feel to this densely populated suburban Detroit market.
