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| Glen Kunofsky |
EAU CLAIRE, WI, July 27, 2015 – Marcus & Millichap (NYSE: MMI),
a leading commercial real estate investment services firm with offices
throughout the United States and Canada, is pleased to announce the sale of a
net leased department store at 955 West
Clairemont Avenue.
The sales price was $12,453,482, which at 94,705 square
feet, equates to $131 per square feet.
The listing agent was Glen Kunofsky in the firm’s Manhattan
office. Kunofsky also procured the buyer. The Wisconsin broker of record is
first vice president investments Matthew Fitzgerald.
“This Shopko property provides
investors with additional income stability in the future and has roughly 20
years remaining on a triple-net lease entered into on June 1, 2006,” says
Kunofsky.
The building was originally built
in 1978 and was renovated in 1992. This Shopko retail store sits on
approximately 9.05 acres of land, with a location that benefits from a rent per
square foot that is well below market.
Headquartered in Green
Bay, Wis., Shopko Stores Operating Company LLC is a $3 billion retailer that
operates more than 330 stores in 21 states.
For a complete copy of the company’s news release,
please contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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