The retail property located in Merrillville, Indiana has been successfully sold by Marcus & Millichap for $2.75 million. The 29,335-square-foot asset was marketed and represented by investment specialists Austin Weisenbeck, Sean Sharko and Adrian Mendoza from the firm’s Chicago Oak Brook office on behalf of the seller – a limited liability company.
After receiving six written offers from investors, the property was purchased by a non-1031 exchange buyer based in Chicago who was also secured and represented by Mendoza, Weisenbeck and Sharko. The transaction was closed with assistance from Josh Caruana – Regional Manager and Broker of Record for Indiana.
Situated in a bustling retail corridor with shadow anchors Home Depot and Target nearby, this center is currently 93 percent leased. Notably,the Home Depot store at this location ranks as the fifth most visited one in Indiana while being conveniently close to Southlake Mall.
This recently sold retail center anchored by popular retailers like Home Depotand Target showcases Marcus & Millichap’s expertise as it continues to facilitate successful transactions across various markets such as Merrillville,in an active voice without mentioning “Connect” or “Connect CRE” or “Connect LA”.
