MARCUS & MILLICHAP ARRANGES THE SALE OF A 10,500 SQUARE FOOT NET-LEASED PROPERTY
HUMBLE, Texas, 2016– 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 - Humble, Texas (Houston MSA), a 10,500 square foot net-leased property located in Humble, according to David H. Luther, first vice president/regional manager of the firm’s The Woodlands office. The asset had a list price of $3.5 million.
Taylor Booker and Nate Newman in Marcus & Millichap’s The Woodlands office Newman Team, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a partnership, was secured and represented by Keith E. Lloyd and Christopher W. Jones in Marcus & Millichap’s Houston office.
The transaction was notable due to the internal collaboration that existed between the four agents between two different offices that represented buyers and sellers from different states. The Learning Experience – Humble, Texas (Houston MSA) is located at 7743 North Sam Houston Parkway East in Humble.
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About Marcus & Millichap (NYSE: MMI)
With over 1,600 investment sales and financing 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 8,700 transactions in 2015 with a value of approximately $37.8 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