Marcus & Millichap Brokers Sale Of Fully Leased Retail Strip In Charlotte For $4.2M

The asset involved in the transaction is a retail property located at 12194 Johnston Road, Charlotte, NC. This retail strip, known as the Shoppes at Toringdon, encompasses a total area of 8,008 square feet and was sold for $4,200,000, which translates to a price per square foot of $524.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,200,000
• Square Footage: 8,008
• Price per Square Foot: $524
• Address: 12194 Johnston Road
• Market: Charlotte, NC

The transaction was represented by brokers David E. Gant and Lori Schneider from Marcus & Millichap. The property was fully leased to tenants including T-Mobile, MyEyeDr., and Trek Bicycle, highlighting its operational status at the time of sale.