Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MichiganRetail

Marcus & Millichap sells 6,000-square-foot NAPA store in Michigan

April 1, 2021
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Marcus & Millichap closed the sale of a single-tenant NAPA Auto Parts, a 6,000-square-foot retail property in Clawson, Michigan. The asset sold for $880,000, or $146.67 a square foot.

Darin Gross, Ashish Vakhariya and Seth Haron, investment specialists in Marcus & Millichap’s Detroit office, facilitated the transaction between the buyer and the seller.

NAPA Auto Parts is a single-tenant retail property in Clawson. The tenant has been committed to the site since 2009 and exercised both option periods containing 10 percent and 9 percent rent increase. The subject property had recently undergone significant improvements including a replacement of the roof and a new parking lot.

In the past 24 months, Gross, Vakhariya and Haron have sold or have under contract to sell $130 million of retail and medical office investment properties throughout numerous states spanning the Midwest and beyond.

Tags
ClawsonMarcus Millichap
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
IllinoisCRE

First Bank of Highland Park legally changes name to First Bank Chicago

July 1, 2022
TexasMultifamily

Colliers Mortgage closes $25.4M HUD 221(d)(4) loan for The Draper in Garland

July 1, 2022
IllinoisCREOffice

Godfrey Fire Protection District to build $6.5 million fire station and administrative building

July 1, 2022
MichiganIndustrial

Newmark negotiates sale of two-building industrial property in Detroit suburb

July 1, 2022

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise/Editorial Calendar
© 2022 REjournals.com