SOLD
Joseph French Jr. & Kodi Traver Of Marcus & Millichap Sell Parkesburg Retail Center For $7M
108 West 1st Avenue
Retail
53,319 SF
53,319 SF
Sold 51 days ago
Summary
Sale
PENNSYLVANIA
Retail
53,319 sqft
The Parkesburg Shopping Center, located at 108 West 1st Avenue in Parkesburg, Pennsylvania, spans 7.7 acres and was recently sold for $7 million. This 53,319-square-foot retail center is anchored by Grocery Outlet and Planet Fitness, and the transaction closed at a 7.5 percent cap rate.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $7,000,000
- Market: Parkesburg, Pennsylvania
- SF: 53,319
- PPSF: $131
- Brokers: Joseph French Jr. & Kodi Traver - Marcus & Millichap
Joseph French Jr. and Kodi Traver, representing Marcus & Millichap, successfully facilitated the sale of the Parkesburg Shopping Center to undisclosed private investors. The collaboration of these brokers led to the seamless execution of this significant real estate transaction.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Joseph French Jr. & Kodi Traver
DATE: 03/12/2024
ADDRESS: 108 West 1st Avenue
MARKET: Parkesburg, Pennsylvania
ASSET TYPE: Retail ~ ACRES: 7.7
BROKERS: Joseph French Jr. & Kodi Traver - Marcus & Millichap (@MarcusMillichapinc)
SALE PRICE: $7,000,000
SF: 53,319 ~ PPSF: $131
NOTE: Marcus & Millichap brokered the $7 million sale of Parkesburg Shopping Center, a 53,319-square-foot retail center near Philadelphia, anchored by Grocery Outlet and Planet Fitness. The deal, facilitated by Joseph French Jr. and Kodi Traver, involved undisclosed private investors and closed at a 7.5 percent cap rate.View on map
Loading...
Address108 West 1st Avenue
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want