Bob Horvath and Todd Tremblay of Marcus & Millichap Real Estate Investment Services, one of the nation's largest real estate investment services firm, have brokered the transaction of a 7 Eleven.
The 2,616 s/f single tenant property, was built in 1973 and is located at 108 Cluff Crossing Rd. 7 Eleven had eleven years remaining on an absolute NNN lease.
The sales price of $910,000 represents $347.86 per s/f. The property was sold by GMC Group LP and purchased by Cluff Crossing Investment LLC.
With more than 1,300 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 3,756 transactions in 2008, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry's most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.