Marcus & Millichap arranged the sale of an 87,119-square-foot net-leased property located in Hutchinson, KS. Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office marketed the asset on behalf of a limited liability company. Colby Haugness assisted as Kansas broker of record to close this transaction for $6,547,231.
The retail property is situated at 1500 E 11th St., Hutchinson and features Hobby Lobby & Bomgaars as its tenant. According to Ruble “When the seller said they were ready to sell we knew we needed a buyer that could overcome complexities from existing leases and relationship with adjoining mall – luckily our selected buyer was able to work through all issues with seller resulting in successful closing.”
