Jacksonville, Fla. — SRS Real Estate Partners has brokered the $4.6 million sale of a 3,937-square-foot restaurant building located in Jacksonville. Panera Bread occupies the property, which was constructed earlier this year as an outparcel to Oakleaf Town Center. The 15-year, triple-net lease features scheduled rental increases every five years. Patrick Nutt and William Wamble of SRS represented the seller in the transaction.
Milwaukee — Marcus & Millichap has arranged the $3.1 million sale of a 12,900-square-foot retail property in Milwaukee. CVS/pharmacy occupies the building, which was constructed in 2007, on a net-lease basis. Jeff Rowlett of Marcus & Millichap’s The Rowlett Group represented the seller, a local investor group. The Rowlett Group also procured the buyer, a Delaware-based REIT.
Tampa, Fla. — Marcus & Millichap has brokered the $7.3 million sale of a freestanding store located in Tampa. Publix occupies the 64,031-square-foot property on a net-lease basis. Situated on 6.3 acres, the store was built in 1977 as an Albertsons. Evan Cannan and Reid Thedford of Marcus & Millichap represented the seller, a private investor whose family has owned the land for nearly a century. Dean Zang, David Crotts, and Josh Ein of Marcus & Millichap procured the buyer.
Northfield, Ill. — JLL Capital Markets has arranged the $13.1 million sale of a 47,732-square-foot property located in Northfield, roughly 20 miles outside Chicago. Mariano’s occupies the single-tenant property on a triple-net-lease basis. Alex Sharrin, Michael Nieder, Mohsin Mirza, Charles Shehan and Caity Tirakian of JLL represented the seller, Stockbridge, in the transaction. Swanson Development Group was the buyer. Mariano’s currently operates 44 grocery stores throughout the state. The chain was acquired by Kroger via its parent company, Roundy’s, in 2015.
Miami — Marcus & Millichap has brokered the $6.9 million sale of a single-tenant property located in Miami. Walgreens occupies the building on a net-lease basis. Jonathan De La Rosa and Eduard Toledo of Marcus & Millichap’s Miami office represented the undisclosed buyer in the transaction.
Arizona and Florida —SRS Real Estate Partners has arranged the $94 million sale of seven single-tenant EoS Fitness properties in Arizona and Florida. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller, Barclay Group, in the transaction. A publicly traded REIT acquired the properties. Tyler McRae of SRS, along with Echelon Realty Advisors, was responsible for leasing the assets on behalf of EoS Fitness. The portfolio includes two properties in Mesa, Arizona, comprising 57,803 and 51,716 square feet, as well as properties in Tempe, Scottsdale and Queens Creek, …
Albany, Ga. — Marcus & Millichap has arranged the $2.3 million sale of a 29,977-square-foot property located in Albany. Office Depot occupies 19,181 square feet of the building, which was constructed in 1997, on a net-lease basis. Mitch Grant and Nicholas Kanich of Marcus & Millichap brokered the transaction on behalf of the seller, an undisclosed private investor. Robby Pfeiffer of Marcus & Millichap secured and represented the buyer, a limited liability company.
Sacramento, Calif. — Hanley Investment Group has brokered the $5 million sale of a single-tenant property located in Sacramento. Chipotle Mexican Grill occupies the 2,347-square-foot building, which is situated within The Quad District, a new mixed-use development, on a triple-net lease. Bill Asher and Jeff Lefko represented the developer and seller, Chase Partners LTD. KDC constructed the property, which was designed by Vermeltfoort Architects. A California-based buyer purchased the property.
New York City — Marcus & Millichap has brokered the $6.6 million sale of a 17,734-square-foot retail property on Staten Island that is net leased to Pep Boys. The automotive parts retailer has occupied the space at 1941 Forest Ave. for more than 15 years, and the property can support about 30,000 square feet of new development. Scott Plasky of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction.
Banning, Calif. — CBRE has brokered the $6.8 million sale of a retail building located in Banning. A local private investor acquired the property from another private investor. David McNevin, Melissa Ley Marshall and Ian Schroeder of CBRE represented the seller in the transaction. Rite Aid occupies the 17,272-square-foot property, which was built in 2009, on a double-net lease.