Marcus & Millichap has arranged the sale of a 8,500-square-foot retail property in Kenova, W.V. currently net-leased to Dollar General. The sales price was $545,000.

Cole Skinner and Daniel Hurd, investment advisors with the Hurd Net Lease Group of Marcus & Millichap’s Tampa office, represented the seller, a limited liability company, in the transaction. The buyer was a private investor. The property is located at 1313 Oak St.

“We used our national platform to procure an investor out of Florida on this one,” said Skinner. “The fact that he was not local and the current circumstances with traveling created some challenges with the due diligence, but we worked through it and at the end of the day the deal closed on time with no issues. After the closing, both buyer and seller communicated to me how pleased they were with the efficiency of the transaction and that’s what we strive for. We had a great deal team involved on this transaction, which permitted us to successfully close at 98% of asking price.”

For comments, questions or concerns, please contact David Cohen