MARCUS & MILLICHAP ARRANGES THE SALE OF A 1,362-SQUARE-FOOT NET-LEASED PROPERTY
PEARLAND, TEXAS, May 1, 2017 – 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 Sonic, a 1,362-square-foot, net-leased property located at 7031 West Broadway in Pearland, Texas, according to Craig R. Swanson, regional manager of the firm’s Austin office.
Jason Saunders, Bruce Bentley III and Douglas Diffie, investment specialists in Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was secured and represented by Matthew D. Wenzel and Brian Wine, investment specialists in Marcus & Millichap’s Long Beach and West Los Angeles offices.
Sonic has operated at this location for over 18 years. The property was built-to-suit for Sonic in 1998.
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About Marcus & Millichap (NYSE: MMI)
With over 1,700 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 9,000 transactions in 2016 with a value of approximately $42.3 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