Marcus & Millichap closed the sale of East Paradise Center, a 25,917-square-foot multi-tenant retail property in West Bend, Wisconsin. The asset sold for $4 million.
Austin Weisenbeck, senior vice president, and Sean Sharko, senior vice president, in Marcus & Millichap’s Chicago Oak Brook office, and Marc Sitzer, associate and investment specialist in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, the original developers of the site.
The buyer, a Missouri-based limited liability company, was secured and represented by Forest Bender, first vice president, and Joseph DiSalvo, senior vice president, in Marcus & Millichap’s Indianapolis office. Todd Lindblom, Wisconsin Broker of Record, assisted in closing this transaction.
East Paradise Center is located at 810 E. Paradise Drive in West Bend, Wisconsin. The center is occupied by a complementary mix of medical, retail and office tenants, four of whom have occupied their spaces for 10 or more years. Across the street from Paradise Golf and Recreation, the property sees more than 28,000 passing vehicles per day.
