Marcus & Millichap Brokers $4M Sale Of Industrial Portfolio In Princeville And Lafayette

A two-property industrial portfolio located at 610 South Walnut Avenue in Princeville, Illinois, and 3517 Crouch Street in Lafayette, Indiana, was sold for $4,000,000. The total square footage for this industrial asset is 51,000, with a price per square foot of $78. The properties are fully leased to FCA Packaging.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,000,000
• Square Footage: 51,000
• Price per Square Foot: $78
• Addresses: 610 South Walnut Avenue, Princeville, IL & 3517 Crouch Street, Lafayette, IN

The transaction was brokered by Marcus & Millichap, led by investment specialists Peter Doughty, Brandon Houghtaling, and Dan Yozwiak, with Darpan Patel also participating in securing the buyer.