Marcus & Millichap brokered the sale of a single-tenant Starbucks in Royal Oak, Michigan. The asset sold for $2.2 million or $1,208.79 a square foot.
Darin Gross, Ashish Vakhariya and Seth Haron, investment specialists in Marcus & Millichap’s Detroit office, facilitated the transaction on behalf of the buyer and seller.
Marcus & Millichap’s marketing efforts generated multiple offers, procuring an all-cash buyer and resulted in a 55-day contract-to-close.
In the past 24 months, Gross, Vakhariya and Haron have sold or have under contract to sell $175.6 million of medical office and retail investment properties throughout numerous states spanning the eastern half of the U.S. and beyond.
