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.