The property asset involved in the transaction is a retail strip center located at 401 East 4th Avenue in Hutchinson, KS, which was sold for $3,400,000. The total square footage of the property is 50,420, translating to a price per square foot of $67. This retail space includes a ground lease for a Dillon’s Fuel Station and is currently leased to tenants such as Planet Fitness and Dollar Tree. The building was originally constructed in 1968.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,400,000
• Square Footage: 50,420
• Price Per Square Foot: $67
• Address: 401 East 4th Avenue, Hutchinson, KS
• Market: Hutchinson, KS
• Brokers: Mark Ruble, Chris Lind, Zack House & Colby Haugness - Marcus & Millichap

Marcus & Millichap facilitated the transaction of this retail property, providing representation through their brokers Mark Ruble, Chris Lind, Zack House, and Colby Haugness. The property was leased to well-known retail brands, highlighting its significance in the local market.