Marcus & Millichap : Brokers The Sale Of A 51,932-Square Foot Net-Leased Property in Palmer, AK

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Palmer, AK, June 24, 2022 – 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 Three Bears Alaska Supermarket, a 51,932-square foot net-leased property located in Palmer, AK, according to John Horowitz, first vice president/division manager of the firm’s Westchester office. The asset sold for $11,633,333.

Joseph C. French, Jr., Kodi Traver, Glen D. Kunofsky, and Russell Wachtler, investment specialists in Marcus & Millichap’s Westchester and Manhattan offices, had the exclusive listing to market the property on behalf of the seller, a private investor. The French Retail Group also secured the buyer, a private investor. Carlton Smith, Broker, assisted in closing this transaction.

French said, “We sell properties wherever our Sellers need us to go and we were able to identify a Buyer who saw the value of a supermarket anchored property in Alaska.”

Three Bears Alaska Supermarket, built in 2005, is located at 8151 E Palmer-Wasilla Hwy in Palmer, AK.

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About Marcus & Millichap (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, 2021, the company had 1,994 investment sales and financing professionals in 82 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 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.