Marcus & Millichap brokers sale of 94,532-sq-ft Parker Square Shopping Center in Wichita Falls, Texas

Marcus & Millichap, Inc.

Marcus & Millichap, Inc.

MMI

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  • Marcus & Millichap brokered the sale of Parker Square Shopping Center, a 94,532-square-foot multi-tenant retail property in Wichita Falls, Texas.
  • Asset at 2901 Kemp Blvd. spans nearly 12 acres, includes 23 suites, built in 1955, 97% occupied at closing.
  • Crunch Fitness anchors about 43% of rentable area; about 68% of space leased to national or regional tenants.
  • Buyer was a Dallas-based high-net-worth individual; seller was a large privately held U.S. real estate firm.
  • Buyer used traditional financing, plans to hold long term; leases are triple-net.


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