 |
| Alan Lipsky |
SALISBURY,
NC, June 2, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial
real estate investment services firm with offices throughout the United States
and Canada, today announced the sale of Tire
Kingdom, a 6,656-square foot net-leased property located in Salisbury, NC.
The asset sold for $2,350,000.
Barry M. Wolfe, a vice president investments, and Alan Lipsky, an associate, in Marcus
& Millichap’s Fort Lauderdale office, had the exclusive listing to market
the property on behalf of the seller, an individual/personal trust from Lake
Worth, Fla.
Sean Doyle, Matthew Hazelton and Adam
"AJ" Prins, senior associates, and Cory Villaume and Brian Klancke, associates, all in Marcus &
Millichap’s Minneapolis office, procured the buyer, a private investor from
Minneapolis, MN.
The
6,656-square foot, freestanding Tire Kingdom has nine years left on a NNN lease
and three, five-year renewal options. Located directly off of Interstate 85 at
310 Faith Road, the property is in a busy retail area with national retailers
that include: Lowe’s, Food Lion, Aldi, Staples, Walmart and Starbuck’s.
For a complete copy of the company’s
news release, please contact:
Ryan Nee
Regional
Manager
Fort Lauderdale, FL
(954)
245-3400
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