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Brokerage
Posted: October 9, 2009
Kunofsky of Marcus & Millichap represents the seller in $1.35 million sale
Marcus & Millichap Real Estate Investment Services has completed the sale of Smokey Bones Barbeque & Grill, a 5,055 s/f single-tenant net-leased property, according to Edward Jordan, regional manager of the firm's Manhattan office. The property sold for $1.35 million. Glen Kunofsky, an investment specialist at Marcus & Millichap, had the exclusive listing to market the property on behalf of the seller, a REIT. The buyer was secured and represented by Cole Spalding and David Weber, investment specialists in Marcus & Millichap's Washington, D.C. office.
"This property was a great opportunity to acquire a building with multiple alternative uses at a price well below replacement cost," said Kunofsky.
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