Press Releases
Marcus & Millichap Arranges The Sale Of Two-tenant Veterinary Center In Clarkston, Michigan
December 9, 2021Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of the Advanced PetCare and Camp Bow Wow property located in Clarkston, MI, according to Steven Ross Chaben, regional manager of the firm’s Detroit office. The asset sold for $2,885,000 or $211.46/SF.
Matt Birndorf, Seth Haron, and Ashish Vakhariya, investment specialists in Marcus & Millichap’s Detroit office, facilitated the transaction on behalf of the buyer and seller. “The tenants’ strong synergy of services, attractive triple-net lease structure, and affluent demographics garnered strong interest.” says Matt Birndorf, Associate in Marcus & Millichap’s Detroit office. “Our marketing efforts generated multiple offers, creating a competitive environment that resulted in a transaction within 4% of list price.”
Advanced PetCare & Camp Bow Wow is a two-tenant veterinary center strategically located in Clarkston, Michigan and within a half mile of Interstate-75 which experiences over 95,000 vehicles per day.
In the past twenty-four months, Matt Birndorf, Seth Haron, and Ashish Vakhariya have sold or have under contract to sell, $143 Million of retail and medical office investment properties throughout numerous states spanning the Midwest and beyond.
