“1031 Exchange: 7.5K SF Net-Leased Dollar General Property Sold”

"1031 Exchange: 7.5K SF Net-Leased Dollar General Property Sold"

Marcus & Millichap recently announced the successful sale of a 7,489-square-foot Dollar General property in Kansas, Illinois. The asset, located at 504 Water Street, was sold for $1,075,000.

The investment specialists from Marcus & Millichap’s Cleveland and Columbus offices – Dustin Javitch,Craig Fuller,Erin Patton,and Scott Wiles – had the exclusive listing to market the property on behalf of a private investor. Maria DeAngelis,a specialist from Marcus & Millichap’s New Haven office,represented and secured the buyer. Senior vice president Steven Weinstock also assisted in closing this transaction as Illinois Broker of Record.

Lead agent Dustin Javitch stated that they were able to facilitate a quick and seamless closing with an all-cash 1031 exchange buyer. This successful deal showcases Marcus & Millichap’s expertise in commercial real estate transactions.

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