The Tractor Supply building in Saline was sold for $2.9 million. Marcus & Millichap brokered the sale of the 18,104-square-foot building is located at 111 Sage Court.
Brett Winger and Dominic Sulo of Marcus & Millichap brokered the sale. Steve Chaben assisted on the transaction as the broker of record.
City real estate records on the city's website do not yet reflect the sale. According to Winger, the property was sold to a private investor from the Los Angeles area. Winger said that Tractor Supply, which has been in the property for 18 years, signed a long-term lease in 2017.
"The new owner is very comfortable with Tractor Supply. He sees this as a long-term investment. It's a very nice piece of property to have in a portfolio," Winger said.
According to city records, the property was sold for nearly $1.5 million in 2002.
Tran Longmoore is a veteran community journalist. He is founder and owner of TheSalinePost.com. He is co-publisher of The Saline Post weekly newspaper. Email him at [email protected] or call him at 734-272-6294.