Marcus & Millichap Real Estate Investment Services arranged the all-cash sale of a 147,771-square-foot free-standing, triple-net leased Sam’s Club located in Brooklyn, Ohio.
The sales price of more than $21 million equals $145 a square foot. A Sam’s Club Fuel Center outparcel was included in the sale.
Scott Wiles, a vice president of investments in Marcus & Millichap’s Cleveland office, along with Erin Patton, a vice president of investments in the firm’s Columbus office, and Craig Fuller, a senior associate in the Cleveland office, represented the seller, a northeast Ohio-based limited liability company.
“This asset received a great deal of attention from across the investor continuum,” said Wiles, in a written statement. “Ever-increasing numbers of local investors and out-of-state buyers are focusing their acquisition needs on credit driven triple-net investments such as this one.”
