Press Release brought to you by Marcus & Millichap

Marcus & Millichap Arranges the Sale of a 10,000 Square Foot Net-leased Property

10/13/2015


ATASCOCITA, TEXAS, September 8, 2015– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of The Learning Experience - Atascocita (Houston MSA), a 10,000 square foot net-leased property located in Atascocita, according to David H. Luther, first vice president/regional manager of Marcus & Millichap’s The Woodlands office. The asset had a list price of $3,400,000.

Nate Newman, an associate in Marcus & Millichap’s The Woodlands office, had the exclusive listing to market the property on behalf of the seller, a developer.  The buyer, a California investor, was also secured by Newman.  The property sold full price, all cash and Newman was able to incentivize the buyer to close early after a 14 day inspection period.
 
The Learning Experience - Atascocita (Houston MSA) is located at 18003 Lago Forest Drive in Atascocita.  
 

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About Marcus & Millichap (NYSE: MMI)

With nearly 1,500 investment 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 over 7,600 transactions in 2014 with a value of approximately $33.1 billion. The company 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

 

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09/08/2015 - 17:00

Source

Marcus & Millichap

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