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Marcus & Millichap Arranges The Sale Of A 8,560-Square-Foot Retail Property Michigan City, IN

July 29, 2021

MICHIGAN CITY, IN, July 29, 2021 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Five Guys, Chipotle, Mattress Firm, a 8,560-square-foot retail property located in Michigan City, IN, according to John Krueger, regional manager of the firm’s Manhattan office. The asset sold for $3,085,000.

Jesse Limon and Steven J. Siegel, investment specialists in Marcus & Millichap’s Manhattan office, had the exclusive listing to market the property on behalf of the seller, Indiana Strip LLC. The buyer, Unique Hotels LLC, was secured and represented by Jesse Limon and Steven J. Siegel.

Josh Caruana, Broker of record in the Indiana office, assisted in closing this transaction. Limon comments, “This was sold $54,000 above list price, huge activity was generated by the listing team. Outparcel to Lowe’s, Meijer, and Menards with a Walmart Supercenter less than a quarter mile away.”

Five Guys, Chipotle, Mattress Firm is located at 5200 Franklin St in Michigan City, IN. The property was built in 2015 and hosts three suites.

 

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About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.

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