Marcus & Millichap Facilitates $1.6 Million Sale Of Net-Leased Burger King In Valparaiso

The property involved in this transaction is a retail asset located at 2921 Calumet Avenue in Valparaiso, Indiana. The property was sold for $1,600,000 and has a total square footage of 3,320, resulting in a price per square foot of $482.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,600,000
• Location: 2921 Calumet Avenue, Valparaiso, IN
• Square Footage: 3,320
• Price Per Square Foot: $482
• Brokers Involved: Josh Caruana, Mitchell Kiven & Nicholas Kanich - Marcus & Millichap

The sale was facilitated by Marcus & Millichap, highlighting the involvement of industry professionals. The transaction was managed by Nicholas Kanich and Mitchell Kiven, emphasizing their role in navigating the sale process for a net-leased Burger King operated by a major restaurant franchisee.