Private Investor Acquires Sherman Centre Retail Property In Sherman For $XX Million

The Sherman Centre is a retail shopping center located at 2701 North Hwy 75 in the Sherman market. The property encompasses a total of 170,722 square feet and is currently 60% leased to tenants including Bomgaars and Texas Roadhouse. Additionally, the transaction involved the acquisition of a 1.9-acre undeveloped pad site by the buyer, an out-of-state private investor.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Square Footage: 170,722 SF
• Address: 2701 North Hwy 75
• Market: Sherman
• Leased Percentage: 60%
• Key Tenants: Bomgaars, Texas Roadhouse
• Additional Acquisition: 1.9-acre undeveloped pad site
• Brokers: Chris Gainey & Philip Levy - Marcus & Millichap

Chris Gainey and Philip Levy, representing Marcus & Millichap, facilitated the sale of the Sherman Centre. Their expertise played a crucial role in arranging this transaction, catering to the investment interests of the out-of-state private investor involved in the deal.