Press Releases
Marcus & Millichap Arranges $3.25M Sale of Walgreens Property in Austintown, Ohio
September 16, 2026
AUSTINTOWN, Ohio, Sept. 16, 2026 – 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 a net-leased Walgreens property in Austintown, Ohio, for $3,247,367.
“Our team completed the sale of two Walgreens properties in the month of August, currently has another Walgreens under contract, and other Walgreens properties under letter of intent,” said Ben Shapiro, associate director investments. “The activity we’ve seen on these opportunities in the last 60 days highlights how quickly investor demand has strengthened. That momentum is reflected across our broader pipeline. Our team closed six transactions in September and currently has 16 properties under contract and another 12 with signed letters of intent. We expect this level activity to continue through the remainder of 2026.”
Shapiro, Sean Sharko and Austin Weisenbeck of the Sharko | Weisenbeck | Mendoza Group from Marcus & Millichap's Chicago Oak Brook office, in association with Michael Glass, Marcus & Millichap’s Ohio broker of record, procured the buyer, a private local investor.
The 14,490-square-foot Walgreens is located at 5501 Mahoning Ave. Built in 2002, the property has operated as a Walgreens for more than 23 years and sits on 1.69 acres within a retail corridor alongside several national retailers.
“Our team completed the sale of two Walgreens properties in the month of August, currently has another Walgreens under contract, and other Walgreens properties under letter of intent,” said Ben Shapiro, associate director investments. “The activity we’ve seen on these opportunities in the last 60 days highlights how quickly investor demand has strengthened. That momentum is reflected across our broader pipeline. Our team closed six transactions in September and currently has 16 properties under contract and another 12 with signed letters of intent. We expect this level activity to continue through the remainder of 2026.”
Shapiro, Sean Sharko and Austin Weisenbeck of the Sharko | Weisenbeck | Mendoza Group from Marcus & Millichap's Chicago Oak Brook office, in association with Michael Glass, Marcus & Millichap’s Ohio broker of record, procured the buyer, a private local investor.
The 14,490-square-foot Walgreens is located at 5501 Mahoning Ave. Built in 2002, the property has operated as a Walgreens for more than 23 years and sits on 1.69 acres within a retail corridor alongside several national retailers.
# # #
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, 2025, the company had 1,808 investment sales and financing professionals in over 80 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
