Marcus & Millichap: Arranges the sale of a 26,350-square foot retail property

MADISON, WIMarch 17, 2022 – 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 Sauk Point Square, a 26,350-square foot retail property located in Madison, WI, according to Todd E. Lindblom, regional manager of the firm’s Milwaukee office. The asset sold for $5,000,000.

The Rowlett Group, investment specialists in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller, a group of local investors. The buyer, an out of state limited liability company, was secured and represented by the Rowlett Group.

Sauk Point Square is located at 701 N High Point Rd in Madison, WI. This multi-tenant retail center has a mix of local retailers. The mix includes tenants that have a long-term history with the center and have extended multiple times and a couple tenants that signed new leases in 2021. It is located in a growing community off of Highway 12/14.