Press Releases
Marcus & Millichap Arranges The Sale Of A Fedex Office Print & Ship Center In East Lansing, Michigan
April 10, 2023Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of a single-tenant FedEx Office Print & Ship Center in East Lansing, MI, according to Steven Ross Chaben, regional manager of the firm’s Detroit office. The asset sold for $1,066,667 or $209.03/SF.
Darin Gross, Ashish Vakhariya, and Seth Haron, investment specialists in Marcus & Millichap’s Detroit office, facilitated the transaction on behalf of the buyer and seller. “The property has a strategic location with high visibility on E Michigan Avenue directly across from the Michigan State University campus. The property is also within close proximity to Downtown East Lansing and Downtown Lansing, Michigan’s State Capitol. This location is the only Print & Ship Center in East Lansing, serving a student population of over 49,000, and the nearest shop is over six miles away.” says Darin Gross, Senior Associate, National Retail Group/Net Leased Properties Group. “Our marketing efforts generated multiple offers which resulted in a transaction at list price.”
In the past twenty-four months, Darin Gross, Ashish Vakhariya, and Seth Haron have sold or have under contract to sell, $175.6 Million of medical office and retail investment properties throughout numerous states spanning the eastern half of the U.S. and beyond.
