Buyers & Sellers
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Buyers & Sellers

Friedman Real Estate Group is selling Hampton Town Centre located at the intersection of Center Avenue and Pine Street in Essexville, MI with a daily traffic count of 45,000 vehicles. The 150,000 sq.ft. center sits on a land area of 22.75 acres. Area demographics include a population of 65,384 within five miles earning $46,774 as the average household income. The company also is selling a former Quality Farm & Fleet for $2.25 million. The 49,532 sq.ft. building is located off of Interstate 94 and Airport Road in Jackson, MI.

For more information, contact David B. Friedman, Friedman Real Estate Group, 3200 Northwestern Highway, Suite 100, Farmington Hills, MI 48334; 248-737-3600; Email: davidf@freg.com; Web site: www.friedmanrealestate.com.

The Weitzman Group is selling an existing Denny’s Restaurant at 8613 West Freeway (Interstate 30) in White Settlement, TX for $250,000. The 2,279 sq.ft. restaurant sits on a land area of 0.6026 acres and has a daily traffic count of 57,219 vehicles. Area demographics include a population of 123,043 within five miles earning an average household income of $64,131.

For more information, contact Robin Barrow, The Weitzman Group, 3102 Maple Avenue, Suite 350, Dallas, TX 75201; 214-954-0600; Web site: www.weitzmangroup.com..

Henry S. Miller Commercial is selling a site with a land area of 5.42 acres located at the intersection of Howard Lane and Dessau Road in Austin, TX for $826,333. Preliminary plans call for a 30,000 sq.ft. retail center.

For more information, contact Grace Young, Henry S. Miller Commercial, 1100 Providence Towers West, 5001 Spring Valley Road, Dallas, TX 75244; 512-794-9400, Fax 512-794-9515; Email: gyoung@henrysmiller.com; Web site: www.henrysmiller.com.

Marcus & Millichap is selling a single-tenant Save Rite on Highway 85 in Riverdale, GA with a daily traffic count of 48,100 vehicles. The asking price is $6.1 million with a Cap rate of 8.75%. The company also is selling six absolute NNN Taco Bell properties in Minneapolis and St. Paul, MN. The asking prices range from $830,488 to $1.097 million with Cap rates ranging from 8.20% to 8.50%.

For more information regarding Save Rite, contact Bill Madson, Marcus & Millichap, 600 Northpark Town Center, Suite 650, Atlanta, GA 30328; 678-942-4628, Fax 678-731-0098; Email: wmadson@marcusmillichap.com. For more information regarding Taco Bell, contact Dan Grooters or Michael Easter, Marcus & Millichap, 1401 17th Street, Suite 1100, Denver, CO 80202; 303-320-1300, Fax 303-308-9048.

Desert Pacific Properties, Inc. is selling a site in the Desert Willow Resort located at West Cork Street and Frank Sinatra Drive in Palm Desert, CA for $675,000. The commercial pad sits on a land area of 0.62 acres and is approved for a 4,700 sq.ft. restaurant. The site is adjacent to the Marriott Courtyard and the Marriott Residence Inn and is across from Cal State San Bernadino Desert campus and the new UC Riverside Desert campus. Hampton Inn also is opening in the Fall. The estimated daily traffic count is 24,350 vehicles. The company also is selling one acre to 22 acre sites at the intersection of Interstate 10 and Cook Street in Palm Desert, CA. The sites include a restaurant, a drive-thru fast food restaurant, a hotel and retail and office pads. The asking price is $5 psf. Area demographics include a population of 86,124 within five miles earning $77,857 as the average household income. The company also is selling 19.61 acres located at the intersection of Highway 111 and Dune Palms Road in La Quinta, CA for $7,474,351. The site is across from Home Depot and has a daily traffic count of 25,116 vehicles.

For more information, contact Susan Harvey, Desert Pacific Properties, 77-899 Wolf Road, Suite 101, Palm Desert, CA 92211; 760-341-3176, Fax 760-360-7580; Email: admin@dppllc.com; Web site: www.desertpacificproperties.com.

Maestas & Ward Commercial Real Estate is selling five acres of vacant land at the Sun Ranch Village at the intersection of Interstate 25 and State Road 6 in Los Lunas, NM for $11 psf. Cotenants of the site include Starlite Theatre, KFC, Phillips 66 Service Station and Microtel Inn. Area demographics include a population of 49,460 within 10 miles earning $36,374 as the average household income.

For more information, contact Steve Maestas, Maestas & Ward Commercial Real Estate, 7620 Jefferson NE, Albuquerque, NM 87109; 505-878-0004, Fax 505-878-0002; Email: stevemaestas@maestasandward.com; Web site: www.maestasandward.com.

Grubb & Ellis/Krombach Partners is selling a Home Depot outparcel on a land area of 1.73 acres located at the intersection of Cave Springs/Muegge and Mexico Roads in St. Charles, MO with a daily traffic count of 17,613 vehicles. Area demographics include a population of 11,586 within one mile earning $70,045 as the average household income. The asking price is $585,914.

For more information, contact David Gannon and Mark McNulty, Grubb & Ellis/Krombach Partners, 7701 Forsyth, St. Louis, MO 63105; 314-863-4888, Fax 314-854-0648; Web site: www.krombachpartners.com.

Cencor Realty Services and GE Capital are looking to acquire existing retail properties in the TX markets of Dallas/Fort Worth, Austin, Houston and San Antonio. The companies are seeking supermarket and drug store-anchored centers.

For more information, contact Randy Woodruff, Cenco Realty Services, 3102 Maple Avenue, Suite 500, Dallas, TX 75201; 214-954-0300, Fax 214-720-6622; Email: woodruff@cencorrealty.com.

Edens & Avant is selling The Shoppes at Five Forks, a 71,073 sq.ft., Ingles-anchored center located at the intersection of Five Forks Trickum Road and Killian Road in Lilburn, GA. The asking price is $6.385 million.

For more information, contact Ken Butler, Edens & Avant, Bank of America Plaza, 1901 Main Street, Suite 900, Columbia, SC 29202; 803-779-4420, Fax 803-765-0684; Email: kenb@edensandavant.com; Web site: www.edensandavant.com.

McGuire Properties is selling three retail sites located at the intersection of McDonald Parkway and 15th Avenue SE in Hickory, NC. The remaining sites include a 1.1-acre parcel for $750,000, a 1.4-acre site for $850,000 and a 4.8-acre site for $1.5 million.

For more information, contact Clarence Johnson or Jason Johnson, McGuire Properties, 212 South Tryon Street, Suite 1440, Charlotte, NC 28281; 704-334-7383, Fax 704-334-5677.

Northwest Atlantic Real Estate Services is selling a 32,000 sq.ft. site formerly occupied by Vons Food & Drug on 283 Main Street in Brawley, CA. Area demographics include a population of 21,525 within three miles earning $24,759 as the average household income.

For more information, contact Herb Andrews, Northwest Atlantic Real Estate Services, 17300 Red Hill Avenue, Suite 230, Irvine, CA 92614; 949-724-0025 Ext. 17, Fax 949-724-0322; Email: herb@northwestatlantic.com.