Marcus & Millichap Arranges the Sale of a 8,000 Square Foot Net-Leased Property in Whitmire, SC

Whitmire, SC, July 07, 2017 --(PR.com)-- Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Dollar General, a 8,000-square foot net-leased property located in Whitmire, South Carolina, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $405,000.

Daniel Hurd, an investment specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. The buyer, a partnership, was also secured and represented by Daniel Hurd. Raj Ravi, broker of record in Marcus & Millichap’s South Carolina office assisted in closing this transaction.

Dollar General is located at 6514 Whitmire Highway in Whitmire, South Carolina. “The tenant has over 16 years of operating history at this location and has exercised multiple renewal options. This stores success is attributed to the limited competition in the surrounding areas and the tenant’s strong national presence serving rural markets,” commented Hurd.

About Marcus & Millichap (NYSE: MMI)

With over 1,700 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 over 9,000 transactions in 2016 with a value of approximately $42.3 billion. The company 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