Marcus & Millichap Real Estate Investment Services, Inc. recently brokered the sale of Copperleaf Village, a 32,978-square-foot retail property in Blue Springs, Missouri. The asset sold for $$6.962 million.
Zach Turner, Scott Wiles, Erin E. Patton and Craig Fuller, investment specialists in Marcus & Millichap’s Columbus and Cleveland offices, had the exclusive listing to market the property on behalf of the seller, who was a Kansas City-based partnership.
The buyer, an out-of-state limited liability company, was also procured by Turner, Wiles, Patton and Fuller. David Saverin, Missouri Broker of Record, assisted in closing this transaction.
Copperleaf Village is located at 727 NW Highway in Blue Springs, a prominent suburb of Kansas City. The subject property was 82% occupied at the time of the sale, and consisted of diversified, service-based tenants specializing in Medical, Dental, Food/Restaurant, Convenience, Fitness and Insurance users.
The subject property was originally built in 1973 and extensively renovated in 2006. In addition to the shopping center, the property also included two developable pad sites on the north and south ends of the site, both of which are around 0.5 acres.
