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| Virginia College, 9355 Cortana Place, Baton Rouge, LA |
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| Marc E. Strauss |
FORT LAUDERDALE, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real
estate investment services firm with offices throughout the United States and
Canada announced it is exclusively listing two Virginia College properties, one
in Baton Rouge, La. and one in Macon, Ga.
The 90,982-square-foot Louisiana property is listed for
$11,984,424, which represents $132 per square foot.
The list price for the 102,098-square-foot Georgia property
is $10,279,651, which equates to $101 per square foot. The properties can be
purchased together or separately. Virginia College is a chain of private,
for-profit, nationally accredited post-secondary institutions located primarily
in the southeastern United States.
Marc E. Strauss, first vice president investments,
and Richard Moravek and Aaron O’Connor, associates, all in Marcus
& Millichap’s Fort Lauderdale office, are representing the seller.
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| Richard Moravec |
William Hoffpauir, senior associate in Marcus &
Millichap’s Lafayette, La. office, is the firm’s broker of record in Louisiana.
Michael J. Fasano, vice president and regional manager in Atlanta, is Marcus
& Millichap’s broker of record in Georgia.
“The Baton Rouge building is a former service merchandise
store and the Macon building was a Kmart,” says Strauss.
“Both buildings were completely renovated into classrooms,
training areas, reception areas and break rooms. The triple-net leased
investments have more than 11 years remaining on their leases, are in pristine
condition and should serve the college and its growing needs for years to
come.”
Virginia College in Baton Rouge, La. is located on approximately
6.97 acres at 9355 Cortana Place. The property adjoins the Cortana Square Mall.
Virginia College in Macon, Ga. is located on a main artery near Macon Mall at
1901 Paul Walsh Drive on approximately 18.25 acres.
Gina Relva
Public Relations Manager
(925) 953-1716
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