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Retail Strip Center in Morrisville Sells for $1.4M

Private Investor Acquires Morrisville Commons
May 9, 2014
Morrisville Commons, a retail strip center located at 9825 Chapel Hill Rd. in Morrisville, NC, traded between private investors for $1.48 million, or about $197 per square foot.

The center totals 7,500 square feet and was constructed in 1995. At the time of sale, the property was 83 percent occupied.

Matthew Greenspon of Marcus & Millichap Real Estate Investment Services represented the seller and buyer in the transaction.

Please see CoStar COMP #3011696 for more information on this transaction.
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