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 Dollar General, a 7,489-square-foot net-leased property located in Warsaw, Illinois. The asset sold for $1,150,000.
Dustin Javitch, 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 limited liability company. The buyer, an individual/personal trust, was secured and represented by Edward J. Nelson and Jake Parker, investment specialists in Marcus & Millichap’s Sacramento office. Steven Weinstock, Illinois Broker of Record, assisted in closing this transaction.
The Dollar General is located at 511 Main Street in Warsaw, Illinois. Dustin Javitch, the lead agent on the transaction, said the following of the transaction, “Despite a market slowdown in commercial real estate transactions leading to a softening in 1031 buyer demand, our proactive and strategic market efforts allowed us to successfully secure an all-cash 1031 buyer.”