Marcus & Millichap negotiated the sale of a Walgreens net-leased property in the St. Louis MSA in Columbia, Illinois. The asset sold for $4.13 million.
Nicholas Kanich, First Vice President Investments in the Net Lease Property Group of Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, a private investor.
The buyer, an individual/personal trust, was secured and represented by Benedict Gutierrez, Drew Kristol and Kirk Olson, investment specialists in Marcus & Millichap’s Miami office.
This Walgreens is located at 100 Admiral Weinel Blvd. in Columbia. The property was constructed in 2003 and had just more than 10 years remaining on the firm term of the lease with Walgreens.
