Net Lease O Indiana

Marcus & Millichap sells 42,000-square-foot retail property near Notre Dame

Marcus & Millichap sells 42,000-square-foot retail property near Notre Dame,ph01

Marcus & Millichap closed the sale of a 42,280-square-foot net-leased property located in Mishawaka, Indiana. The asset went from contract to close in 59 days and sold for $5.382 million.

Austin Weisenbeck and Sean Sharko, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, represented the seller, an Illinois-based limited liability company, and the buyer, a Michigan-based limited liability company. Josh Caruana assisted in closing this transaction as the broker of record in Indiana.

Located at 5802 Grape Road, the property is situated in the University Park Area, a prime retail corridor near the University of Notre Dame. The property is 100 percent occupied by discount fashion retailer, Gabe’s, who recently signed a brand new 10-year lease.