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Marcus & Millichap Arranges the Sale of a 14,820-Square-Foot Net-Leased Property in Franklin, Louisiana

October 13, 2021

Franklin, Louisiana, October 13, 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 Walgreens, a 14,820-square-foot net-leased property located in Franklin, Louisiana, according to Grant Fitzgerald, regional manager of the firm’s Columbus office. The asset sold for $4,935,000.

Brennan Clegg, Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap’s Columbus and Phoenix offices, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by David Cutler, Joshua Johnson and Kirk Trammell, investment specialists in Marcus & Millichap’s Palo Alto office. Chris Shaheen, Louisiana Broker of Record, assisted in closing this transaction.

Walgreens is located at 2030 Main Street in Franklin, Louisiana. Brennan Clegg, the lead investment specialist on the transaction had the following to say, “This was a great example of collaboration within the Marcus & Millichap platform. This tertiary deal was transacted quickly and sold at list price.”

 

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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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