Marcus & Millichap Arranges the Sale of a 15,500-SF Net-Leased Asset in Springs, Texas
SPRING, Texas, April 23, 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 Ace Hardware, a 15,500-square foot net-leased property located in Spring, Texas, according to David H. Luther, Vice President/ Regional Manager of Marcus & Millichap’s Houston office. The asset had a list price of $2,800,000.
Jerry Goldstein, First Vice President Investments in Marcus & Millichap’s Houston office and Kelley Workman, Associate in The Woodlands office, 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 Goldstein.
Ace Hardware is located at 9001 Spring Cypress in Spring, Texas
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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