Marcus & Millichap auctions Chewy-leased office facility in Louisville, Kentucky
MMI•Chewy-leased office property sold in Louisville
Marcus & Millichap auctioned a Chewy-leased office property in Louisville, Kentucky, closing the sale via an online process.
The asset is a 25,274-square-foot pharmacy script validation, call center and training facility at 3621 Fern Valley Road.
Marketing produced auction performance 30% above the average for comparable properties, leading to a 30-day non-contingent closing.
The Chewy lease carries about 3.25 years remaining on the initial term, backed by a corporate guarantee, with two five-year renewal options.
