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MichiganRetail

Sperry Van Ness/Property Investment Advisors sells Michigan grocery store for $6.4 million

Staff Writer April 5, 2017
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Robert Pliska, managing director with Sperry Van Ness/Property Investment Advisors, LLC, recently arranged a $6.4 million sale of the 50,000-square-foot Polly’s Country Market in Chelsea, Mich.

The sales price equates to an 8 cap rate at $128 a square foot.

Marsolin Holdings, LLC, a local investor, purchased the regional grocery store.

The seller, a trust from Pontiac, Mich., was represented by Pliska.

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