Closed: 6 Tenant Ohio Shopping Center

Harrisburg, PA, November 14th, 2024 – 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 Shoppes at Glendale, a 10,050-square-foot property located at 2936-3022 Glendale Ave, Toledo, OH, according to Tim Stephenson, regional manager of the firm’s Philadelphia office. The asset sold for $1,620,000.

Mark Krantz and Derrick Dougherty, investment specialists in Marcus & Millichap’s Philadelphia office, had the exclusive listing to market the property on behalf of the seller, a family private investor based in Connecticut. “This property presented an outstanding investment opportunity, featuring exceptional real estate fundamentals,” said Mark Krantz. “The center spans over 1.1 acres and features six tenants, strategically positioned between a Walmart and the University of Toledo’s medical building.”

“The site is situated in a prime location, just five miles from downtown Toledo and three miles from the University of Toledo, which serves over 15,000 students,” Krantz added. “The accessibility is further enhanced by proximity to major highways, including I-475 (100,000 VPD), I-75 (80,000 VPD), and I-90 (30,000 VPD), ensuring maximum visibility.”   

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About Marcus & Millichap, Inc. (NYSE: MMI) 

 

Marcus & Millichap, Inc. is a leading national 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, 2023, the company had 1,783 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.