Marcus & Millichap Sells Sutter's Creek Plaza Retail Property In Rocky Mount, NC For $11.8M

Sutter's Creek Plaza, a retail property located at 506 Sutter's Creek Boulevard in Rocky Mount, North Carolina, has been sold for $11.8 million. The property, with a total square footage of 210,482, was purchased by a private investor from New York. The sale price equates to a price per square foot of $56. The property boasts 100 percent occupancy and below-market rents, making it an attractive investment opportunity for buyers.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $11,800,000
• Address: 506 Sutter's Creek Boulevard, Rocky Mount, NC
• Square Footage: 210,482
• Price per Square Foot: $56
• Market: Rocky Mount, NC

The sale of Sutter's Creek Plaza was facilitated by Joseph French Jr and Kodi Traver from Marcus & Millichap. They acted as the brokers representing the buyer, a private investor from New York. Marcus & Millichap's investment specialists were instrumental in securing the buyer due to the property's attractive characteristics and potential for return on investment.