Lexington Strip Center Sold for $314/sf


Marcus & Millichap has arranged the $4.25 million sale of JDE Center, a 13,513-square-foot retail property located in Lexington, SC. The sale includes a single-tenant building and a four-tenant strip center. The purchase price equates to more than $314 per square foot. Tenants at the fully occupied property include Verizon Wireless, Krispy Kreme Doughnuts, Jersey Mike’s Subs, Pak Mail and Miyo’s.

Andrew Margulies of Marcus & Millichap’s Raleigh office, along with Kevin Limbert of the firm’s St. Louis office, represented the seller, a private partnership in Missouri. They also procured the North Carolina-based buyer, Scarafoni Associates LLC.

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