Jan
27

Marcus and Millichap Sells Two Retail Centers

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two soldBen Yelm and Andrew Margulies, with Marcus and Millichap, recently closed two retail centers in the Carolinas.

1. Clayton Village in Clayton NC: Closed 1/15/16 for $5,493,629 at a 7.84% cap rate. The property was anchored by Food Lion and Family Dollar. It is 61,620 square foot, and 92% leased. It sold to an out of state investor.

2. Corner Shoppes of Parklane in Columbia, SC: Closed 1/14/16 for $1,050,000 at a 8.69% cap rate. The property was unanchored, and tenants include Cricket Wireless, Kabato Japanese Restaurant, and Hair Quality. It is 10,908 square feet, and was 89% leased. It sold to an out of state investor.

Categories : Columbia, Raleigh

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