Marcus & Millichap Brokers $2 Million Sale Of Fully Leased Five Rivers Plaza Retail Center In Newport

The property asset involved in this transaction is a retail center located at 122-140 Five Rivers Plaza Way in Newport, TN. The sale price was $2,000,000, and the center comprises 40,085 square feet, resulting in a price per square foot of $50.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,000,000
• Sale Date: 02/03/2025
• Market: Newport, TN
• Square Footage: 40,085
• Price per Square Foot: $50
• Brokers: Eric Abbott, Jody McKibben & Zachary Taylor - Marcus & Millichap

The deal was facilitated by Marcus & Millichap, who brokered the sale of Five Rivers Plaza, which was fully leased at the time of the transaction. The brokers involved in representing the interests in this deal played a key role in its successful completion.