Press Release brought to you by Marcus & Millichap

MARCUS & MILLICHAP ARRANGES THE SALE OF A 130,680-SQUARE FEET OF LAND

06/30/2016

MAGNOLIA, 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 3 Acres on Egypt Lane in Magnolia (The Woodlands Submarket), according to David H. Luther, first vice president/ regional manager of the firm’s The Woodlands office. The asset had a list price of $1,829,500.

Nate Newman in Marcus & Millichap’s The Woodlands office, had the exclusive listing to market the property on behalf of the seller.  The property received multiple qualified offers and was ultimately sold to a national self-storage operator.  The property is located at 33327 Egypt Lane in Magnolia, one parcel removed from the hard corner of Egypt Lane and FM 1488, sandwiched between The Home Depot and Target.

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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

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Marcus & Millichap

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