Marcus & Millichap Closes Shell Gas Station Sale In Alexandria For $2M

The Shell Gas Station at 2501 Broadway Avenue in Alexandria, LA has been successfully sold. The property features 22,442 square feet of retail space. It was initially listed for $2,200,000 and was finalized at a sale price of $2,000,000, resulting in a price per square foot of $89.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,000,000
• Address: 2501 Broadway Avenue
• M&A Market: Alexandria
• Brokers: Sai Thakor, Harrison Weyel, Jacob Luna - Marcus & Millichap
• Financing: Handled through Marcus & Millichap Capital Corporation

The Luna Thakor Group played a pivotal role in representing the out-of-state investor/operator and facilitating the transaction of the Shell Gas Station. The investor is projected to achieve a remarkable 29% cash on cash return with no pre-payment penalties, thanks to the financing secured through Marcus & Millichap Capital Corporation.