Marcus & Millichap brokered the sale of a 16,933-square-foot net-leased Walgreens property in Appleton, Wisconsin, for $3.15 million.
Carson Breshears and Hank Wolfer, investment specialists in Marcus & Millichap’s Seattle office, in association with Todd Lindblom, Marcus & Millichap’s Wisconsin broker of record, exclusively represented the buyer, a Chicago-based family office who completed a multiple property 1031-exchange.
The property, located at 2803 N. Meade St., was built in 2008 on approximately 1.48 acres and is leased under a long-term absolute triple-net lease agreement. The buyer plans to hold the asset as a long-term investment.
