Marcus & Millichap negotiated the sale of Van Buren Plaza, a 43,765-square foot retail property in Belleville, Michigan. The asset sold for $5.4 million.
The buyer, a limited liability company, was secured and represented by Alex Perez and Chris Garavaglia, investment specialists in Marcus & Millichap’s St. Louis office. Steve Chaben, Michigan Broker of Record, assisted in closing this transaction.
Van Buren Plaza is located at 11824 Belleville Road in Belleville. The property was 94% occupied at the time of sale to a mix of local, regional and national tenants.
