Private Equity Group Acquires Village Shoppes Retail Center In Indian Trail For $3.3M

The transaction involved the sale of Village Shoppes, a retail asset located at 323 Unionville Indian Trail Road in Indian Trail, North Carolina. The property spans 2 acres and includes 12,075 square feet of unanchored retail space. The sale price reached $3,300,000, resulting in a price per square foot of $273.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,300,000
• Square Footage: 12,075 SF
• Price Per Square Foot: $273
• Address: 323 Unionville Indian Trail Road, Indian Trail, NC
• Acres: 2

The transaction was facilitated by Harrison Creason, Andrew Margulies, and Kyle Carpentier from Marcus & Millichap, who represented the seller, a West Coast-based partnership. A private equity group acquired the fully leased property in this transaction.