SOLD! 52,000 SF Retail Center ~ Dearborn, MI

04 - Feb - 2022

February 4, 2022

SOLD! 52,000 SF Retail Center ~ Dearborn, MI


KJ Commercial sells +/-52,000 SF Retail Center for $10,500,000

22431-22533 Michigan Avenue
Dearborn, Michigan 48124


KJ Commercial is pleased to announce the sale of a 100% occupied, +/- 52,000 SF multi-tenant retail center located in Dearborn, MI. The subject property is anchored by Rite Aid and Goodwill. Kevin Jappaya and David Jappaya had the pleasure of representing both sides of the transaction. Our effective marketing approach generated multiple offers from around the country and created a competitive call for offers process. The seller was the original developer of the asset, and it was the first time that the property was offered for sale. The property sold to a local Detroit real estate investor for $10,500,000; which equates to over $200 PSF.

For more details on this transaction please contact:

Kevin Jappaya, CCIM
President
kjappaya@kjcre.com

David Jappaya
Senior Real Estate Advisor
djappaya@kjcre.com


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