Marcus & Millichap Sells Phoenixville Shopping Center For $7.4 Million Representing Seller

The sale involved a retail property located at 785 Starr Street in Phoenixville, PA, which encompasses 4 acres of land. The property consists of 33,093 square feet and was fully leased, with the notable presence of ACME Markets as a shadow anchor. The transaction was completed for a price of $7,400,000, yielding a price per square foot of $224.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,400,000
• Square Footage: 33,093
• Address: 785 Starr Street
• Market: Phoenixville, PA
• Acres: 4
• Price per Square Foot: $224
• Brokers: Derrick Dougherty & Scott Woodard - Marcus & Millichap

Scott Woodard and Derrick Dougherty represented the seller, a private investor based in Pennsylvania. The brokerage firm involved in the transaction was Marcus & Millichap, facilitating the sale of the Phoenixville Shopping Center.