Marcus & Millichap Brokers $4.1M Sale Of Fully Leased Retail Center In Portage MI
Michigan
See Similar DealsMarcus & Millichap Brokers $4.1M Sale Of Fully Leased Retail Center In Portage MI
7894 Oakland Drive
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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.
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