Marcus & Millichap recently finalized the sale of a Charles Schwab location in Westlake, Ohio. The property was sold for $4.2 million, with each square foot of the building’s 7,187 rentable space valued at $584.
Senior managing directors Scott Wiles, Craig Fuller and Erin Patton from Marcus & Millichap’s Cleveland and Columbus offices were responsible for marketing the property on behalf of the seller – a family office based in Cleveland. Michael Glass also played a role as Broker of Record in Ohio to help complete the transaction.
According to Wiles, “Marcus & Millichap’s extensive national reach was crucial in finding a buyer from California who was interested in utilizing their 1031 exchange.” The deal closed smoothly after only a short period of due diligence. Built just last year (2020), this building sits on 1.43 acres and boasts high-end exterior finishes such as stone, porcelain and glass.
This successful transaction is another example showcasing Marcus & Millichap’s expertise when it comes to closing deals across state lines while providing top-notch service to clients nationwide.
