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Marcus & Millichap Sells Marketplace At Milan Retail Center In Milan, TN For $4.7M

Property Image
SOLD
$4,700,000
Jody McKibben
Alex Perez
Chris Garavaglia
+ 1

Tennessee

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Retail39,726 SF
Sold 01/17/2024
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells Marketplace At Milan Retail Center In Milan, TN For $4.7M

15423 South First Street

See Similar Deals
Retail39,726 SF
Sold 01/17/2024
Jody McKibben
Alex Perez
Chris Garavaglia
+ 1
the dealplayerscompscontact
Contact now

Summary

TENNESSEE
Asset Type:Retail
Price Per Square Foot:$118
Total Square Footage:39,726 SF
Transaction Type:Sale

The Marketplace at Milan, a 39,726-square-foot retail center located at 15423 South First Street in Milan, Tennessee, has been sold for a price of $4,700,000. The property, which was 96 percent leased at the time of the sale, was facilitated by Marcus & Millichap. The sale price equates to approximately $118 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,700,000
  • Square Footage: 39,726
  • Address: 15423 South First Street, Milan, TN
  • Market: Milan, TN

Marcus & Millichap, represented by brokers Alex Perez, Austin Sweet, Chris Garavaglia, and Jody McKibben, facilitated the sale of Marketplace at Milan. In addition to representing the property, the Marcus & Millichap team also secured and represented the private investor buyer involved in the transaction.

Players

Jody McKibben
Marcus & Millichap
Jody McKibben
7 deals$260.5M volume
BROKER
Alex Perez
Marcus & Millichap
Alex Perez
11 deals$61.4M volume(314) 889-2525
BROKER
Chris Garavaglia
Marcus & Millichap
Chris Garavaglia
9 deals$52M volume(314) 889-2552
BROKER
Austin Sweet
Marcus & Millichap
Austin Sweet
4 deals$20.5M volume(314) 889-2503
BROKER

Details

SOLD
IMAGE: Alex Perez, Austin Sweet, Chris Garavaglia & Jody McKibben DATE: 01/17/2024 ADDRESS: 15423 South First Street MARKET: Milan, TN ASSET TYPE: Retail BROKERS: Alex Perez, Austin Sweet, Chris Garavaglia & Jody McKibben - Marcus & Millichap SALE PRICE: $4,700,000 SF: 39,726 ~ PPSF: $118 NOTE: Marcus & Millichap facilitated the $4.7 million sale of Marketplace at Milan, a 39,726-square-foot retail center in Milan, Tennessee. The property, 96 percent leased at the time of the sale, was represented by Marcus & Millichap's Austin Sweet, Alex Perez, and Chris Garavaglia, who also secured and represented the private investor buyer.

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