Quarry Shopping Center, Fort Smith, AR, Listed for $11MFORT SMITH, Ark., July 7, 2009 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has the retained the exclusive listing for the 198,371-square foot Quarry Shopping Center (top right photo) in Fort Smith.
The listing price of $11 million represents $55 per square foot and an 8.01 percent cap rate.
Mac McCall, an associate vice president investments and a director of the firm’s National Retail Group in Atlanta, and C. J. Cropper, a retail investment specialist in Little Rock, are representing the seller, a Fort Smith-based private investment group.
“The Quarry Shopping Center is currently 97 percent occupied and includes a diverse mix of national and local retail tenants well-suited for the area,” says McCall. “The investment represents a rare opportunity to acquire a Wal-Mart-anchored property at only $55 per square foot.”
The property is located on 18.2 acres at 4900 Rogers Ave., across from the Central Mall, which is anchored by Dillard’s, JCPenney and Sears.
The property is located on 18.2 acres at 4900 Rogers Ave., across from the Central Mall, which is anchored by Dillard’s, JCPenney and Sears.
Seller Asks $10.9M for Metro North Office Building in North Glenn, CONORTHGLENN, Colo., July 7, 2009 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Metro North, (bottom left photo) a 86,044-square foot office building in Northglenn, a suburb of Denver.
The listing price of $10.9 million represents $127 per square foot.
Barry Higgins, vice president investments, and office and industrial property specialists Jon Hendrickson and Taylor Turano, al based in the firm’s Denver office, are representing the seller.
“Metro North is a high-identity property with excellent visibility from Interstate 25,” says Turano.
“Metro North is a high-identity property with excellent visibility from Interstate 25,” says Turano.
Located at 11990 Grant St. on 3.3 acres in Northglenn, the property is accessible from 120th Avenue, which is a major artery for the city with a traffic count of 61,040 vehicles per day.
Press Contact: Stacey Corso, Communications Department, (925) 953-1716
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