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BTS Advance Auto Parts Trades in IN
Marcus & Millichap arranged the sale of Advance Auto Parts, a 7,000-square-foot, net-leased property in Merrillville, IN. The asset sold for $1,143,500, or 94% of listing price at an 8.09% cap rate.
First VP Tammy A. Saia and associate Tami Andrew marketed the property on behalf of the seller, a private investor. Josh Caruana assisted in closing this transaction as the broker of record in Indiana.
Advance Auto Parts is located at 5790 Broadway in Merrillville. The property, built-to-suit for Advance Auto Parts in 2004, signed a 20-year lease. There is currently 4.6 years remaining on the original term.
The seller is divesting his real estate portfolio in preparation for a move and retirement. The buyer paid all cash and was adding to his portfolio.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
- ◦Lease

