Stratton Village 'downtown' real estate on the market for $18 million
Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the exclusive listing for sale of 47,837 square feet of boutique retail and service condominium space located within the Village at Stratton, a mixed-use development at the center of the Stratton Mountain Resort in Stratton Village, Vermont. The price is $18,069,000.
“Strong economics of this easy-to-manage investment property includes generous return, perpetually high occupancy and annual increases,” said Lori Schneider, senior managing director in Marcus & Millichap’s Fort Lauderdale office. “The tenants are a diverse mix of well-appointed restaurant, retail and service uses with a reliable base. The nature of the tenants and location in the center of a four-season resort provide superb internet resistance.” Schneider is representing the seller in association with Vermont broker Jeffrey R. Nick.