Marcus & Millichap Sells Mount Olive Retail Property For $6M With Brokers Michael Lombardi & Steven Schiavello

A retail property located at 7 Naughright Road in Mount Olive was recently sold for $6,000,000. The transaction took place on October 14, 2020. The asset spans a total area of 114,249 square feet, resulting in a price per square foot of $53.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $6,000,000
• Address: 7 Naughright Road
• Market: Mount Olive
• Square Footage: 114,249
• Price per Square Foot: $53

The sale of the retail property was facilitated by Michael Lombardi and Steven Schiavello of Marcus & Millichap. They served as the brokers in the transaction, representing the parties involved.