KJ Commercial Real Estate Advisors Represents Buyer In $7.6M Sale Of Retail Center In Gaylord MI

The asset involved in the transaction is a retail center located at 859 Edelweiss Village Parkway, Gaylord, MI. The property spans approximately 12.95 acres, encompassing a total square footage of 51,857. The sale price for the property was recorded at $7,600,000, with a price per square foot of $147.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,600,000
• Square Footage: 51,857
• Address: 859 Edelweiss Village Parkway
• Market: Gaylord, MI
• Acres: 12.95
• Buyer's Representative: Kevin Jappaya & David Jappaya - KJ Commercial Real Estate Advisors
• Seller's Representative: Matthew Mousavi & Patrick Luther - SRS Real Estate Partners
• Occupancy: 78%
• Anchor Tenant: Dollar Tree

SRS Real Estate Partners facilitated the sale, representing the seller from Michigan. In contrast, KJ Commercial Real Estate Advisors represented the local group of buyers in this transaction.