Marcus & Millichap Brokers $4.1M Sale Of Fully Leased Retail Center In Portage MI

A fully leased retail center located at 7894 Oakland Drive in Portage, MI was sold for $4,100,000. The property spans 18,745 square feet, positioning it in a competitive market. It attracted multiple offers, highlighting its tenant mix and suite sizes, while also benefiting from below-market rents.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $4,100,000
• Sale Date: 07/02/2025
• Market: Portage, MI
• Square Footage: 18,745
• Price Per Square Foot: $219
• Brokers: Seth Haron, Darin Gross & Ashish Vakhariya - Marcus & Millichap

Marcus & Millichap facilitated the all-cash transaction of Centre Square, completing the deal just 41 days post-contract. The diverse tenant mix and strategic leasing positioned the property as a desirable investment opportunity, supported by the expertise of the brokers involved.