Marcus & Millichap Brokers $2.99 Million Sale of 27,375-SF Tractor Supply Building in Billings, MT

Lori Schneider

 BILLINGS, MT, July 7, 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 Tractor Supply, a 27,375-square foot net-leased property located in Billings, MT. The asset sold for $2,993,000.

Lori Schneider, a senior vice president investments in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a partnership from Orlando, Fla. 

The buyer, a REIT from San Diego, was secured and represented by Mike James, an associate vice president investments in Marcus & Millichap’s Encino office.

“Tractor Supply has been in this location since 1995 and has recently confirmed its commitment by exercising its first option to extend the lease for an additional five-year term,” says Schneider. “Billings is a market well-suited for Tractor Supply.”

The sale included a 27,375-square foot Tractor Supply on a large 4.3-acre parcel. Tractor Supply is located at 496 Main Street on a primary six-lane thoroughfare which connects directly to Interstate 90.

  

For a complete copy of the company’s news release, please contact:

Ryan Nee

Regional Manager, Fort Lauderdale

(954) 245-3400