Marcus & Millichap senior managing director Lori Schneider has arranged the $46 million sale of a 1.025-million-square-foot Best Buy distribution center in Findlay, Ohio.
Schneider exclusively represented the seller, a private investor, and procured the buyer, a national real estate investment trust.
The property is Best Buy’s second-largest distribution facility, and serves as one of the retailer’s regional distribution hubs for e-commerce and direct store fulfillment operations.
“The market was receptive to the property as net-leased distribution centers are a desirable asset class,” said Schneider, in a written statement. “E-commerce, which is the fastest-growing sector in the retail industry, fuels the need for warehousing and distribution centers.”
Schneider was Marcus & Millichap’s top agent for the sale of multi-tenant retail properties nationwide in 2016.
