Press Releases
Marcus & Millichap Arranges the Sale of an Office Building in Dayton
March 17, 2023
DAYTON, Ohio, March 17, 2023 – 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 Pinnacle Treatment Center, an office property located in Dayton, Ohio, according to Harrison E. Rein, regional manager of the firm’s Miami office. The asset sold for $600,000.
“This was a strategic investment due to the recession-proof tenant and lack of quality inventory,” said Michael Crocchiola, associate. Crocchiola and Alex Zylberglait had the exclusive listing to market the property on behalf of the buyer, 7295 Poe Avenue Holdings, LLC a limited liability company. Michael Glass, broker, in Ohio assisted in closing this transaction.
The 6,000 square foot building was originally constructed in 1996 and has been fully renovated to Pinnacle Treatment Center’s specifications. The subject sits on approximately one-half acre parcel on Poe Avenue.
Pinnacle Treatment Centers provides inpatient and outpatient treatment for those suffering from addiction. Their services include drug-free and medication-assisted treatment, through a network of 130+ facilities across nine states.
The asset is located at 7301 Poe Avenue. The property sits directly southwest from Little York Medical Center and just north of the major retail hub for the area with national credit tenants like Outback Steakhouse, Smokey Bones, Courtyard Marriot, SpringHill Suites, Sam’s Club and Walmart Supercenter to name a few.
“This was a strategic investment due to the recession-proof tenant and lack of quality inventory,” said Michael Crocchiola, associate. Crocchiola and Alex Zylberglait had the exclusive listing to market the property on behalf of the buyer, 7295 Poe Avenue Holdings, LLC a limited liability company. Michael Glass, broker, in Ohio assisted in closing this transaction.
The 6,000 square foot building was originally constructed in 1996 and has been fully renovated to Pinnacle Treatment Center’s specifications. The subject sits on approximately one-half acre parcel on Poe Avenue.
Pinnacle Treatment Centers provides inpatient and outpatient treatment for those suffering from addiction. Their services include drug-free and medication-assisted treatment, through a network of 130+ facilities across nine states.
The asset is located at 7301 Poe Avenue. The property sits directly southwest from Little York Medical Center and just north of the major retail hub for the area with national credit tenants like Outback Steakhouse, Smokey Bones, Courtyard Marriot, SpringHill Suites, Sam’s Club and Walmart Supercenter to name a few.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2022, the company had 1,904 investment sales and financing professionals in 81 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com.
