Marcus & Millichap Real Estate Investment Services has arranged the sale of an 11-property single-tenant ground lease portfolio held by and guaranteed 7-Eleven Inc. All properties are located in Michigan, and the portfolio’s sales price is $15.8 million.
Simon Jonna, a vice president of investments, and Raymond Jonna, an associate, both in Marcus & Millichap’s Detroit office, represented the seller, a Midwest-based property developer. Ronnie Issenberg, a vice president of investments, and Gabriel Britti, an associate vice president of investments, both in the firm’s Miami office, represented the buyer.
The properties are all located in Michigan at high-traffic, high-exposure primary intersections in Chesterfield, Clinton Township, Howell, Lenox Township, Macomb, Romulus, Shelby Township and Warren.
Tags | 7-11, Chesterfield, Clinton Township, Commercial Real Estate, Detroit, Gabriel Britta, Howell, Lenox Township, Marcus & Millichap, Michigan, Raymond Jonna, Retail, Ronnie Issenberg, Shelby Township, Simon Jonna, Warren
© 2016 Real Estate Communications Group. Duplication or reproduction of this article not permitted without authorization from the Real Estate Publishing Group. For information on reprint or electronic pdf of this article contact Mark Menzies at 312-644-4610 or firstname.lastname@example.org