San Diego investor Port Emerald LLC has purchased a 136,421-square-foot retail building in Port Huron, Mich.

The value of the transaction was approximately $16.2 million.

The property, located at 1132 32nd St., is leased to Sam’s Club, which assumed a 25-year lease term from Pace department store. Thirteen years remain on the absolute net lease.

The seller was Port Huron Southern Ltd.

Colliers International provides commercial real estate services locally and globally.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Refer friends to Select and get $200 in credit.Register Here×
Connect Now is less than two weeks away. Prices go up May 30.Reserve your seat today.×