Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the exclusive listing for sale of 47,837 square feet of boutique retail and service condominium space located within the Village at Stratton, a mixed-use development at the center of the Stratton Mountain Resort in Stratton Village, Vermont. The price is $18,069,000.

“Strong economics of this easy-to-manage investment property includes generous return, perpetually high occupancy and annual increases,” said Lori Schneider, senior managing director in Marcus & Millichap’s Fort Lauderdale office. “The tenants are a diverse mix of well-appointed restaurant, retail and service uses with a reliable base. The nature of the tenants and location in the center of a four-season resort provide superb internet resistance.” Schneider is representing the seller in association with Vermont broker Jeffrey R. Nick.

“The offering is in a renowned location frequented by loyal affluent visitors and second-home owners from major neighboring metros in New York, Connecticut, and Massachusetts,” Schneider concluded. “The retail village is a constant beneficiary of Stratton Mountain Resort’s many popular on-site amenities and year-round event schedule.”

About Marcus & Millichap (NYSE: MMI)

With nearly 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,472 transactions in 2018 with a value of approximately $46.4 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.