Evans Best LLC Acquires Retail Property On Martin Luther King Jr. Blvd In New Bern For $12.8M

3531 Martin Luther King Jr Boulevard, New Bern, North Carolina 28562, United States

$12,750,000

$216,101/SF

Building Size

59 SF

Asset Type

Retail

Closing

Apr 17, 2023

AI

The retail property located at 3531 Martin Luther King Jr. Blvd in New Bern, NC has been sold for $12,750,000. The transaction took place on December 22, 2022. The property spans 59,516 square feet, resulting in a price per square foot of $214. The buyer is Evans Best LLC, while the seller is Columbia Development Group and Lubert Adler.

Summary of transaction details

Property Type: Retail
Transaction Amount: $12,750,000
Address: 3531 Martin Luther King Jr. Blvd, New Bern, NC
Market: New Bern, NC
Buyer: Evans Best LLC
Seller: Columbia Development Group & Lubert Adler
Brokers: Tom Kolarczyk & Danny Finkle - JLL Capital Markets
Square Feet: 59,516
Price per Square Foot: $214

The transaction was facilitated by brokers Tom Kolarczyk and Danny Finkle from JLL Capital Markets. They represented both the buyer and the seller in the deal.

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