Marcus & Millichap arranges the sale of a 62,506 s/f Shopping Center in Peckville
PECKVILLE, PA — Marcus & Millichap announced the sale of Peckville Shopping Center, a 62,506 s/f retail property located in Peckville, according to Matthew Drane, regional manager of the firm’s Washington, D.C. office. The Property sold for $5.1 million. Peckville Shopping Center, constructed in 1953 and renovated in 2004, consists of a 62,506 s/f shopping center anchored by a high-performing 20,045 s/f Planet Fitness supported by credit and regional chain retailers, notably Dollar General and one of the highest volume Wine & Spirits locations in the Dickson City MSA. The center was 76 percent occupied at the time of sale which presented the buyer a significant opportunity to increase occupancy and add value.