Marc Brutten Of Brixton Capital Acquires Retail Center In Elk Grove For $10.6M

The property asset involved in this transaction is a retail shopping center located at 8511-8591 Elk Grove Boulevard in Elk Grove. The sale price for this asset was $10,600,000. The shopping center consists of four fully leased parcels and is home to various tenants including Arby’s, Macque’s BBQ, Plaza del Sol, and Papa Murphy’s.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,600,000
• Buyer: Marc Brutten - Brixton Capital
• Broker: Randy Getz - CBRE
• Seller: Elk Grove Village LLC (Mima Capital LLC)
• Tenant Details: Tenants include Arby’s, Macque’s BBQ, Plaza del Sol, and Papa Murphy’s
• Planned Upgrades: Brixton Capital plans to implement upgrades over the next five years

The key individuals involved in this deal include Marc Brutten, who represented Brixton Capital as the buyer, and Randy Getz from CBRE who acted as the broker in the transaction. The seller was Elk Grove Village LLC, which is affiliated with Mima Capital LLC.