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4150 West Vernon Avenue
SOLD

Marcus & Millichap Facilitates $5M Sale Of Westgate Plaza Retail Center In Kinston, NC

4150 West Vernon Avenue

Retail
51,213 SF
clock iconSold 257 days ago
Andrew Margulies
Harrison Creason
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Summary

Sale
NORTH CAROLINA
Retail
51,213 sqft

Westgate Plaza, a 51,213-square-foot retail center located at 4150 West Vernon Avenue in Kinston, NC, has been sold for $5 million. The property is situated on 6.97 acres and was sold at a rate of $97.63 per square foot. With a total purchase price of $5,000,000, the property offers an opportunity for retail development in the Kinston market.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $5,000,000
  • Address: 4150 West Vernon Avenue, Kinston, NC
  • Market: Kinston, NC
  • Acres: 6.97
  • Price per Acre (PPA): $717,360
  • Square Footage: 51,213
  • Price per Square Foot (PPSF): $97.63

The sale of Westgate Plaza was facilitated by Marcus & Millichap, with Andrew Margulies and Harrison Creason serving as the brokers representing the property. This transaction demonstrates the active involvement of Marcus & Millichap in the retail market, showcasing their ability to broker significant deals in the Kinston area.

Players

  • All

    3

  • Agents

    2

  • Agencies

    1

Andrew Margulies's profile picture
Andrew Margulies
Marcus & Millichap-image
Investment Sales Broker
$40.3M Sold

Details

Deal Summary
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SOLD
IMAGE: Andrew Margulies & Harrison Creason DATE: 09/12/2023 ADDRESS: 4150 West Vernon Avenue MARKET: Kinston, NC ASSET TYPE: Retail BROKERS: Andrew Margulies & Harrison Creason - Marcus & Millichap SALE PRICE: $5,000,000 ACRES: 6.97 ~ PPA: $717,360 SF: 51,213 ~ PPSF: $98 NOTE: Marcus & Millichap facilitated the $5 million sale of Westgate Plaza, a 51,213-square-foot retail center in Kinston, NC, at a rate of $97.63 per square foot.

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Address4150 West Vernon Avenue

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