Marcus & Millichap Secures Shopping in New Braunfels

A retail property in New Braunfels has changed ownership with Marcus & Millichap marketing the asset and arranging the sale. Walnut Square Shopping Center has been acquired by a private investment partnership.

Associate vice president investments Chad Knibbe and senior associate Stephen Berchelmann of Marcus & Millichap’s San Antonio office marketed the property on behalf of the seller, and secured the buyer with a cap rate of 5.7 percent. [Commercial Property Executive]

 

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