CrossMarc Services Acquires 27 Acre Retail Property In Melbourne For $28M

The retail property located at 4100 N. Wickham Road in Melbourne has been sold in a closed transaction for a price of $28,000,000. The property spans across 27 acres and offers 200,000 square feet of space. It was sold by the seller, Post & Wickham Corp, to the buyer, CrossMarc Services - John Crossman, with the assistance of broker Marcus & Millichap.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $28,000,000
• Address: 4100 N. Wickham Road
• Market: Melbourne
• Size: 27 acres
• Square Footage: 200,000 sf
• Buyer: CrossMarc Services - John Crossman
• Seller: Post & Wickham Corp.
• Broker: Marcus & Millichap

John Crossman, representing CrossMarc Services, played a key role in the transaction as the buyer. Post & Wickham Corp. acted as the seller in the deal. Marcus & Millichap served as the broker, facilitating the sale. The property was sold at a price of $28,000,000, with a price per square foot of $140.