STRATTON — Marcus & Millichap, a commercial real estate investment services firm has announced the exclusive listing for sale of 47,837 square feet of boutique retail and service condominium space within the Village at Stratton.
The price of the mixed-use development at the center of the Stratton Mountain Resort in Stratton Village 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.
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 said. “The retail village is a constant beneficiary of Stratton Mountain Resort’s many popular on-site amenities and year-round event schedule.”
Stratton was sold by Intrawest in 2017 to the owners of Aspen from Colorado, who then spun off most of its ski resort holdings, including Stratton and Mount Tremblant in Quebec, into a new company called Alterra in 2018.
In November 2019 Alterra also acquired Sugarbush Vermont in Warren.