WAUSAU, Wisconsin, November 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 Grand Avenue Shopping Center, a 33,381-square-foot retail property located in Wausau, Wisconsin, according to Grant Fitzgerald, regional manager of the firm’s Columbus and Cleveland offices. The asset sold for $1.84 million.
Jared Shapiro, Craig Fuller, Erin E. Patton, and Scott Wiles, investment specialists in Marcus & Millichap’s Cleveland and Columbus offices, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a limited liability company, partnership, was secured and represented by Jared Shapiro, Craig Fuller, Erin E. Patton, and Scott Wiles. Todd Lindblom, Wisconsin Broker of Record, assisted in closing this transaction.
Grand Avenue Shopping Center is located at 2201 Grand Avenue in Wausau, Wisconsin. Grand Avenue Shopping Center was built in 1957 by the seller’s grandparents. The property was 56 percent occupied at the time of sale by Family Dollar, Firestone, and Mary Mother of Good Help.