Marcus & Millichap Sells Spruce Street Station Retail Center In Martinsville, VA For $7.48M

Marcus & Millichap has facilitated the sale of Spruce Street Station, a retail property located at 1101 Brookdale Street in Martinsville, Virginia. The property spans 48,052 square feet and was sold for a total price of $7,475,000, translating to a price per square foot of approximately $156. This transaction took place on August 29, 2023.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,475,000
• Address: 1101 Brookdale Street, Martinsville, VA
• Market: Martinsville, VA
• SF: 48,052
• PPSF: $156

The deal was facilitated by the Marcus & Millichap brokerage team consisting of Andrew Margulies, Brian Hosey, and Harrison Creason. They represented the involved parties in this property transaction.

Note: Marcus & Millichap reported that Spruce Street Station, a 48,052-square-foot shopping center in Martinsville, Virginia, was sold for $7.48 million, equivalent to $155.56 per square foot.