The shopping center was created in 1999 on 5.2 acres at the intersection of West and Allen Roads. Simon Jonna and Alvin Mansour of Marcus & Millichap Real Estate Investment Services are representing the seller.
Woodhaven is located in a busy retail sector here, with big box retailers like Costco, Lowe's, Target, Kmart and Meijer surrounding the facility. The shopping center is 100% occupied with tenants like Michael's, PetSmart, Dollar Castle and Office Depot. More than 50,000 vehicles pass through the area daily.
According to a Marcus & Millichap release about the sale the asset has a 7.95% cap rate and a cash-on-cash return on investment of 15.27%.
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