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Marcus & Millichap Arranges the $3.4 Million Sale of Dollar General Retail Center
August 22, 2023
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LEMOYNE, Pa, August 22, 2023 - 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 Center, a 34,389-square foot retail property located in Lemoyne, Pennsylvania. The asset sold for $3,415,000.

Craig Dunkle and Mher Vartanian, investment specialists in Marcus & Millichap's Philadelphia office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Dunkle.

"I want to thank both the Buyer and Seller for allowing me to represent them in the transaction. This was my shortest listing to close of escrow of the year and in today's capital markets environment every closing is a win." Dunkle said. "I sold this asset 5 years ago, and after running their investment cycle it was time to sell again. This time round was a much smoother transaction even given the tough debt market climate."

Dollar General Center, located at 836 Market St in Lemoyne, Pennsylvania is a Class A, five-tenant strip center that has become a cornerstone of the DT Lemoyne Community. The center houses Little Caesars Pizza, Burn 30 Fitness, REM Staff, Akita's Sushi & Hibachi, and 717 Cross-fit, which is expanding and growing within the space. Currently, there are two smaller vacancies, each approximately 2,000 square feet, presenting an excellent value-add upside for potential investors.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2022, the company had 1,904 investment sales and financing professionals in 81 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com.

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Marcus & Millichap Inc. published this content on 22 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 August 2023 19:49:01 UTC.