Marcus & Millichap Real Estate Investment Services, Inc. arranged the sale of a 43,770-square-foot net-leased Walmart property located in Malden, MO. The asset sold for $2,937,500.
Jared Shapiro, Craig Fuller, Erin E. Patton and Scott Wiles, investment specialists in Marcus & Millichap’s Cleveland and Columbus offices, marketed the property on behalf of the seller, a limited liability company, private investor. The buyer, a limited liability company, was secured and represented by Shapiro, Fuller, Patton and Wiles. David Saverin, Missouri broker of record, assisted in closing this transaction.
The Walmart is located at 1007 N Douglass St, in Malden, in southeast Missouri. The property has five years remaining on the lease and closed as an all-cash transaction, with a very competitive bidding process.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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