Marcus & Millichap has the listing to sell a 20 000 sq.ft. Office Depot in Stockbridge (Atlanta) GA. The 2.42-acre property is located at the intersection of Interstate 75 and Interstate 675 and is adjacent to Kohl’s Lowe’s Kroger Big Kmart and Cub Foods. The combined traffic count of the highways is 96 000 cars. Office Depot Inc. is the tenant and guarantor on the NN lease which has an initial term of 15 years with two five-year options with a 15% rent increase in each option period. The company also has the listing to sell the 27 994 sq.ft. Wawaset Plaza in Wilmington DE. The center is fully occupied and is located on 1.31 acres on Greenhill Avenue which has an average daily traffic count of 20 000 cars. Anchored by Restaurant Carucci and Nicholas Design Group the plaza is adjacent to a 7-11 convenience store Rite Aid Drug Store Catholic Charities Senior Center and a St. Francis Medical and Eye Care Walk-in Center. Area demographics include a population of 113 000 residing in a three-mile radius and an average income of $60 000 within in one-mile radius. The asking price is $2.85 million. The terms of the financing include a rate of 9% 25-year amortization 10-year call and 25% down. The project is being offered at a 10% CAP rate with 9.79% cash on cash return. Marcus & Millichap also has the listing to sell a 10 908 sq.ft. Eckerd Drug Store on a 1.67-acre parcel in Dover DE. Area demographics include a population of 60 270 residing in a five-mile radius earning an average income of $52 105. The asking price is $3.725 million. The project is being offered at a 9.01% CAP rate with a 9.01% cash on cash return. The term of the NNN lease is 20 years with four five-year options. The company also has the listing to sell a 10 125 sq.ft. CVS/Pharmacy on 2.5 acres in Lawrence NJ. The pharmacy which has a drive-thru is located on Business Route 1 which has an average daily traffic count of 22 310 cars. Area demographics include a population of 225 670 residing in a five-mile radius and earning an average income of $73 437. The property is being offered at a CAP rate of 8.3% with a cash on cash return of 8.3%. The NN lease expires in February 2019 with escalations of 6% every five years and four five-year options with 6% escalations. The asking price is $2.175 million. Marcus & Millichap additionally has the listing to sell The Corner at Seven Corners a 70 890 sq.ft shopping center located at the intersection of Route 50 Route 7 and Wilson Boulevard in Falls Church VA. The center is situated on 6.4 acres and is anchored by an 18 000 sq.ft. Gap. Other tenants include Hollywood Video Bennigan’s Pearle/Eyelab Express K-B Toy Works Carpet ‘N Things Guitar Center and Alpha Jewelers. The center is being offered at an 8.69% CAP rate with a 7.31% cash on cash return rate. Assumable financing with balance of $7 676 673 at 8.44% fixed is being offered with a 1% assumption fee. Prepayment penalty of 4% is effective December 1 2001. A recent new loan quote was 7.6% interest 75% LTV 10-year term/30-year amortization and one point. The asking price is $13.175 million. The company also has the listing to sell the Delran Retail Site in Delran NJ. The 8.7-acre parcel is zoned C-2 general commercial and located at the corner of Route 130 and Fairview Street which has an average daily traffic count of 50 000. Area demographics include a population of 104 958 earning $87 969. The property is adjacent to Home Depot and across from Lowe’s and a planned Shop Rite. The property is listed for lease at $150 000 per year absolute net initial ground rent. The asking price is $2.25 million.

For more information about the GA property contact Marcus & Millichap 600 Northpark Town Center Suite 650 1200 Abernathy Road NE Atlanta GA 30328; 770-393-1700; Fax 770-393-1738; Web site: www.marcusmillichap.com. For more information about the DE NJ and VA properties contact Marcus & Millichap 1628 JFK Boulevard Suite 1200 Philadelphia PA 19103; 215-557-0900; Fax 215-557-0966; Web site: www.marcusmillichap.com.

Chase Commercial Real Estate LLC has the listing to sell a 15 000 sq.ft. building located on 1.75 acres in Elmsford NY. The former LandRover Dealership is located on 175 Saw Mill River Road and has parking for 125 vehicles. The term is a sublease through January 2005 with three five-year options. Rent is $24 000 monthly through January 2002 $27 000 monthly through January 2003 $28 000 monthly through January 2004 and $29 000 monthly through 2005. Rent increases $1 000 per month throughout options. Real estate taxes are $77 000 per year and the asking price is $3 million.

For more information contact Scott Litschultz Chase Commercial Real Estate LLC 111 Summer Street Stanford CT 06905; 203-324-0800 Ext 352; Fax 203-324-3125; Web site: www.chasecommercialre.com.

Long & Foster Commercial has the listing to sell an 11-acre parcel on US Route 13 and Cedar Lane in Fruitland MD. The property is located next to a new Super Wal*Mart and nearby retailers include Texas Roadhouse Food Lion and 84 Lumber.