Press Releases
Marcus & Millichap Arranges The Sale Of A Single-tenant Arby’s In Canton, MI
March 14, 2022Marcus & 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 3,282-square foot Arby’s property located in Canton, MI, according to Steven Ross Chaben, regional manager of the firm’s Detroit office. The asset sold for $1,735,000, or $528.64/SF.
Seth Haron, Ashish Vakhariya and Darin Gross, investment specialists in Marcus & Millichap’s Detroit office, facilitated the transaction on behalf of the seller. “The tenant’s attractive absolute net lease and investment grade corporate guarantee gathered strong interest.” says Seth Haron, First Vice President Investments within the National Healthcare Real Estate Group. “Our marketing efforts generated multiple offers and resulted in a contract-to-close in 35 days.”
In the past twenty-four months, Seth Haron, Ashish Vakhariya and Darin Gross have sold or have under contract to sell, $143 Million of and medical office and retail investment properties throughout numerous states spanning the Midwest and beyond.
