MONROE, WI, June 28, 2021 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Pick ‘n Save, a 61,136 square foot net-leased property located in Monroe, WI, according to Todd E. Lindblom, regional manager of the firm’s Milwaukee office. The asset sold for $9,600,000.
Jeff R. Rowlett, an investment specialist in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a Real Estate Investment Trust (REIT), was secured and represented by Jeff R. Rowlett, Pick ‘n Save (Kroger Corporate Guarantee) just signed a 10-year lease extension through 12/31/2030. Pick ’n Save is attached to a retail center that is currently 87% occupied – not included in this sale.
About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.