MARCUS & MILLICHAP ARRANGES THE SALE OF A 1,622-SQUARE-FOOT NET-LEASED PROPERTY
KEMAH, TEXAS, July 10, 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 1,622-square-foot, net-leased property located at 1355 Highway 146 in Kemah, 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.
Sonic is located 20 miles south of Downtown Houston along the Galveston Bay. Located on a sizeable 1.36-acre parcel, the restaurant was built-to-suit for the tenant in 2003.
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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