Marcus & Millichap Brokers $4.6M Sale Of Holiday Center Retail Asset In Columbus Indiana

The transaction involves the sale of a retail asset located at 3850–3996 25th Street in Columbus, IN. The property spans a total square footage of 59,117 and was sold for $4,600,000, equating to a price per square foot of $78. The asset is fully leased, indicating strong tenant occupancy, which is an attractive feature for investors.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,600,000
• Square Footage: 59,117
• Address: 3850–3996 25th Street
• Market: Columbus, IN
• Price per Square Foot: $78
• Broker Representatives: Forest Bender & Joseph DiSalvo - Marcus & Millichap

The transaction was brokered by Forest Bender and Joseph DiSalvo from Marcus & Millichap. The buyer of the property intends to increase income through strategic leasing initiatives as well as potential development of outlots surrounding the retail center, indicating a proactive approach to maximizing investment returns.