Marcus & Millichap has completed the sale of Centre Square, a two-building retail property in Portage, Michigan, for $4.1 million.
“We received multiple offers on Centre Square, which ultimately closed in an all-cash transaction just 41 days after going under contract,” said Seth Haron, managing director investments. “The strong interest reflects the property’s diverse tenant mix, desirable suite sizes and below-market rents, all of which position it for long-term success.”
Haron, Darin Gross and Ashish Vakhariya, investment specialists in Marcus & Millichap’s Detroit office, had the exclusive listing to market the property on behalf of a local, private seller. Centre Square Retail Center is located at 7894 Oakland Drive and totals 18,745 square feet.
The 10 suites are fully leased to a mix of service, restaurant and medical tenants. The property sits at a signalized intersection with high daily traffic counts and offers direct access to U.S. Route 131.
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