Marcus & Millichap

Ashish Vakhariya

Overview

Ashish Vakhariya joined Marcus & Millichap's Detroit office in 2004 and is currently a First Vice President of Investments.  Ashish has developed and leads a team of highly qualified advisors specializing in single-tenant net leased and multi-tenant investment sales, sale-leaseback transactions and portfolio dispositions.  Ashish and his team have a client centric focus and are widely recognized in the industry.   Ashish has an exceedingly seasoned sales track record and has closed nearly $600 million in transactions across the country.  He has successfully advised and represented a large number of REIT's, Institutions, Pension Funds, Developers and High Net Worth Private Clients.  Ashish serves as an Associate Director of the National Retail Group (NRG) and the Net Leased Properties Group (NLPG). 


Previously, Ashish worked for eight years in the Investment Banking industry for top tier banks where he provided investment advisory services to institutional and high net-worth retail clients.  He also led a team of research analysts performing extensive stock and bond analysis in varying sectors. 


A graduate of The University of Michigan, Ann Arbor, Ashish earned a Bachelor's Degree in Economics with an additional emphasis in Accounting.  


Ashish is an acitve member of the International Council of Shopping Centers (ICSC) and the UM/ULI Real Estate Forum. 

Detroit
Ashish Vakhariya

Ashish Vakhariya

First Vice President Investments
Tel: (248) 415-2636
Fax: (248) 415-2610

License:  MI  6501322501

Director - Net Leased Properties Group
Director - National Retail Group

Promoted to Associate in October, 2005
Promoted to Senior Associate in March, 2007
Promoted to Vice President Investments in July, 2013
Promoted to First Vice President Investments in January, 2017

University of Michigan, BA

National Achievement Award - 2016
Sales Recognition Award - 2017, 2016, 2015, 2007
Platinum - 2016

Transactions Closed

  • Staples

    Staples

    Net Leased Office Supply

    Iowa City, IA
    Price: $4,180,000
    Size: 18,049 sqft
    Cap Rate: 9.00%

  • Orchard View Medical Complex

    Orchard View Medical Complex

    Office Medical

    Washington , MI
    Price: $6,900,000
    Size: 45,207 sqft

  • Women's Health Center of West Michigan

    Women's Health Center of West Michigan

    Office Medical

    Grand Rapids, MI
    Price: $43,500,000

  • Berry Surgery Center (DMC Hospital)

    Berry Surgery Center (DMC Hospital)

    Office Medical

    Farmington Hills, MI
    Price: $5,895,000
    Size: 27,217 sqft

  • Panera Anchored Center | Kenowa Plaza

    Panera Anchored Center | Kenowa Plaza

    Shopping Strip

    Grandville, MI
    Price: $3,005,000
    Size: 17,248 sqft

  • Sherwin Williams

    Sherwin Williams

    Net Leased Miscellaneous

    Stephens City, VA
    Price: $1,557,377
    Size: 5,000 sqft
    Cap Rate: 6.10%

  • Walgreens Pharmacy #10778

    Walgreens Pharmacy #10778

    Net Leased Drug Store

    South Lyon, MI
    Price: $5,180,000
    Size: 14,820 sqft
    Cap Rate: 7.88%

  • Walgreens Pharmacy #12476

    Walgreens Pharmacy #12476

    Net Leased Drug Store

    Jackson, OH
    Price: $4,100,629
    Size: 13,650 sqft
    Cap Rate: 7.95%

  • Hastings Center

    Hastings Center

    Shopping Community

    Hastings, MI
    Price: $8,490,000
    Size: 177,033 sqft

  • CVS Ground Lease

    CVS Ground Lease

    Net Leased Drug Store

    Kalamazoo, MI
    Price: $4,213,000
    Size: 13,225 sqft
    Cap Rate: 5.15%

  • The Shoppes at Green Oaks - Kohls Anchored

    The Shoppes at Green Oaks - Kohls Anchored

    Shopping Neighborhood

    Brighton, MI
    Price: $13,100,000
    Size: 103,231 sqft
    Cap Rate: 7.49%

  • Decatur Memorial Hospital MRI Center

    Decatur Memorial Hospital MRI Center

    Single Tenant Office Medical

    Forsyth, IL
    Price: $4,352,000
    Size: 10,672 sqft

  • Taylor Retail Center

    Taylor Retail Center

    Shopping Neighborhood

    Taylor, MI
    Price: $4,500,000
    Size: 89,647 sqft
    Cap Rate: 11.72%

  • Forsyth Professional Centre

    Forsyth Professional Centre

    Office Medical

    Forsyth, IL
    Price: $11,148,000
    Size: 40,325 sqft

  • Metro Health Hospital Medical Center

    Metro Health Hospital Medical Center

    Single Tenant Office Medical

    Hudsonville, MI
    Price: $4,400,000
    Size: 11,622 sqft

  • Tutor Time

    Tutor Time

    Net Leased Child Care

    West Bloomfield, MI
    Price: $3,250,000
    Size: 14,000 sqft
    Cap Rate: 8.12%

  • Suder Shoppes

    Suder Shoppes

    Shopping Strip

    Toledo, OH
    Price: $2,250,000
    Size: 17,131 sqft
    Cap Rate: 9.56%

  • Cherry Hill Marketplace

    Cherry Hill Marketplace

    Shopping Neighborhood

    Westland, MI
    Price: $15,234,000
    Size: 120,568 sqft
    Cap Rate: 7.66%

  • McDonald's Ground Lease -New Construction

    McDonald's Ground Lease -New Construction

    Net Leased Restaurant

    Wayne, MI
    Price: $1,300,000
    Size: 4,100 sqft
    Cap Rate: 4.62%

  • CVS Ground Lease

    CVS Ground Lease

    Net Leased Drug Store

    Southgate, MI
    Price: $2,245,000
    Size: 10,972 sqft
    Cap Rate: 8.15%

  • McDonald's-20 Year Ground Lease

    McDonald's-20 Year Ground Lease

    Net Leased Restaurant

    Troy, MI
    Price: $1,684,210
    Size: 4,136 sqft
    Cap Rate: 4.75%

  • Kohl's

    Kohl's

    Net Leased Department Store

    Howell, MI
    Price: $12,441,188
    Size: 88,497 sqft
    Cap Rate: 6.90%

  • Office Depot

    Office Depot

    Net Leased Office Supply

    Mishawaka, IN
    Price: $1,037,000
    Size: 29,880 sqft
    Cap Rate: 7.00%

  • Westhaven Town Center

    Westhaven Town Center

    Shopping Community

    Franklin, TN
    Price: $15,500,000
    Size: 97,002 sqft
    Cap Rate: 7.54%

  • Baylor Surgicare at Lewisville

    Baylor Surgicare at Lewisville

    Single Tenant Office Medical

    Lewisville, TX
    Size: 19,896 sqft
    Cap Rate: 8.98%

  • Kohl's - Telegraph Plaza

    Kohl's - Telegraph Plaza

    Net Leased Department Store

    Monroe, MI
    Price: $6,400,000
    Size: 68,725 sqft
    Cap Rate: 7.83%

  • Telegraph Plaza - Outparcel Center

    Telegraph Plaza - Outparcel Center

    Shopping Strip

    Monroe, MI
    Price: $1,300,000
    Size: 19,910 sqft
    Cap Rate: 16.89%

  • T.j. Maxx - Petsmart - Telegraph Plaza

    T.j. Maxx - Petsmart - Telegraph Plaza

    Shopping Community

    Monroe, MI
    Price: $5,200,000
    Size: 53,300 sqft
    Cap Rate: 9.14%