AMES, IA, Jan. 26, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of FedEx Shipping Center, a 16,700 Square-Foot Single-Tenant Net-Leased property located in Ames, IA, according to J.D. Parker (top right photo), Vice President and Regional Manager of the firm’s Manhattan office.
The FedEx Shipping Center is located at 238 Alexander Avenue and the asset commanded a sales price of $950,555.Thomas DeWaay (middle left photo), CCIM, investment specialist in Marcus & Millichap’s Des Moines Office and Glen Kunofsky (lower right photo), investment specialist in the Manhattan office, had the exclusive listing to market the property on behalf of the seller, a private investor.
“The property is the type of investment that is currently in high demand- it has a strong credit tenant, is priced right around $1 million, and as a result was incredibly attractive to potential investors,” stated Kunofsky, Senior Vice President of Investments. Press Contact: J.D. Parker, Vice President and Regional Manager, Manhattan, (212) 430-5100
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