Aaron Baum Acquires Retail Property In Eastpointe, MI For $1.75M

The retail property located at 22901 Gratiot Avenue in Eastpointe, MI was recently sold in a transaction. The property spans 7,000 square feet and was sold for a price of $1,750,000, resulting in a price per square foot of $250. The buyer in this transaction was Aaron Baum, while the seller was Unicorp. The deal was facilitated by Zach Wright, a representative from Blue West Capital.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $1,750,000
• Address: 22901 Gratiot Avenue
• Market: Eastpointe, MI

A notable aspect of this transaction is that the property was net-leased to Advance Auto Parts on a long-term lease. Aaron Baum, representing Baum Family Investments, expressed an interest in acquiring $200,000,000 - $250,000,000 worth of net lease investments over the next 18 - 36 months. With offices in Metro Detroit, New York City, and South Florida, Baum Family Investments is actively seeking opportunities in the retail sector.