Marcus & Millichap recently sold an 86,600-square-foot net-leased Kmart property in White Lake, Michigan. The property sold for $3.4 million.
Richard O’Connor, a retail investment specialist in Marcus & Millichap’s Detroit office, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, a limited liability company, was secured and represented by O’Connor
Kmart White Lake Michigan is located at 10951 Highland Road in White Lake. The property contained 15.5 acres, and the Kmart store will be demolished and redeveloped into a 123,000-square-foot Kroger store.
