Marcus & Millichap closed the sale of a 99,380-square foot Kohl’s department store in Westerville, Ohio. The store sold for $10.75 million, which equates to $108 a square foot.
Dean Zang and Mark Taylor with Marcus & Millichap represented the buyer, SPMC Urban Properties. Craig Fuller, Scott Wiles and Erin Patton with Marcus & Millichap represented the seller, Garrison Central II LLC.
The triple-net-leased commercial real estate asset is located directly off Interstate-270 in a shopping plaza with an Office Max and a Marc’s discount drugstore and grocery store. Other nearby retailers include Walmart, Kroger and Tuesday Morning.