Farmington Hills, Michigan (August 22, 2018)– Friedman Real Estate, one of the nation’s leading providers of commercial real estate services, recently sold a net leased Family Dollar located at 8031 W McNichols Road in Detroit, Michigan. McNichols Real Estate, LLC sold the building to PREP Dollar Store-Detroit, LLC.
“The local seller exited the property to an out-of-state institutional buyer who was seeking higher yields in the Midwest. This transaction proved to be a win-win for all parties involved” said Silverman.
Steven Silverman, Associate, Investment Advisory Services, at Friedman represented the buyer in this transaction.
ABOUT FRIEDMAN REAL ESTATE
As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Real Estate provides clients with a single point of contact for the full range of Advisory, Property Management, Brokerage and Construction services that it offers.
Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 11,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives.
For more information, please visit: www.friedmanrealestate.com.