Wathena, Kan. — The Boulder Group has arranged the $1.8 million sale of a 10,566-square-foot single-tenant property in Wathena, a city in northeast Kansas. Dollar General occupies the building on a net-lease basis. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a Dollar General developer.
Seattle — Marcus & Millichap has arranged the $3.2 million sale of a gas station property located in the Ballard neighborhood of Seattle. Shell occupies the property on a net-lease basis. Hank Wolfer of Marcus & Millichap’s Seattle office represented the undisclosed seller in the deal.
Merced, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of two single-tenant retail properties located in Merced. Private buyers purchased the properties in separate transactions totaling $8.2 million. Developer Chase Partners Ltd. was the seller. Starbucks Coffee occupies one of the properties, which comprises 1,000 square feet and sold for $2.9 million, on a new 10-year triple-net lease. The other property totals 4,088 square feet and is occupied by 7-Eleven on a new 15-year triple-net lease. Bill Asher and Jeff Lefko of Hanley represented the seller in …
Lancaster and Palmdale, Calif. — A private investor has acquired two retail properties in southern California for a total $6.8 million. IHOP occupies both properties, which are located in Lancaster and Palmdale, on a net-lease basis. Deal terms include a new 23-year lease that commenced at the close of escrow, 1.5 percent annual increases and a 30-unit guarantee. Andre Thompson and Peter Deltondo of Marcus & Millichap represented the seller, a private investor, and secured the buyer in the transaction.
Mishawaka, Ind. — The Boulder Group has arranged the $9.6 million sale of a single-tenant retail property located in Mishawaka. Best Buy occupies the 50,327-square-foot building on a net lease. Nearby tenants include Target, Apple, Macy’s, Menards, Ross Dress for Less, Walmart, Sam’s Club, The Home Depot, Aldi, Meijer and Costco. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a West Coast-based partnership.
Rogersville, Ala. — Legacy Realty Group Advisors has arranged the sale of a single-tenant property located in Rogersville. Foodland occupies the building, which features 24,000 square feet, on a net-lease basis. Jacob Baruch and Max Yardeni of Legacy represented both the buyer and seller in the transaction.
Miami Springs, Fla. — Marcus & Millichap has brokered the $9.2 million sale of single-tenant retail property located in Miami Springs. Office Depot occupies the building on a triple-net-lease basis. Scott Sandelin of Marcus & Millichap represented the undisclosed seller, which acquired the property in 2012, in the transaction. Jorge Ruiz of Platinum Properties represented the undisclosed buyer.
Omaha, Neb. — Hanley Investment Group Real Estate Advisors has brokered the $7.7 million sale of a single-tenant retail property located in Omaha. Topgolf occupies the 24,496-square-foot building on a triple-net-lease basis. Built in 2020 on 10.2 acres, the property is situated near a Chipotle Mexican Grill, X-Golf and the site of a future nine-acre mixed-use development. Jeff Lefko and Bill Asher of Hanley represented the developer and seller, a locally based private investor, in the transaction. Ashish Wadhwani of Wadhwani Holdings represented the Houston-based buyer.
East Moline, Ill. — Marcus & Millichap has brokered the $2.7 million sale of a single-tenant property located in East Moline, a city in northwest Illinois. Caliber Collision occupies the building on a net-lease basis. The property recently underwent $400,000 in renovations, including parking lot resurfacing, new HVAC and new LED lighting. Jake Carter, Dan Yozwiak and Darpan Patel of Marcus & Millichap represented the seller, a private investor, in the transaction.
Everett, Wash. — Matthews Real Estate Investment Services has facilitated the $5.9 million sale of a single-tenant property in Everett. 7-Eleven occupies the property on a net-lease basis. Brandon Sontz, Nick Hahn and Chad Kurz of Matthews brokered the transaction. A local developer sold the property to an undisclosed buyer.
