MARCUS & MILLICHAP ARRANGES THE SALE OF A 19,054-SQUARE FOOT NET-LEASED PROPERTY
MAGNOLIA, Texas, 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 Aldi, a 19,054-square foot net-leased property located in Magnolia, Texas, according to David H. Luther, first vice president/district manager of the firm’s The Woodlands office. The asset had a list price of $4,000,000.
Nate Newman, senior associate, in Marcus & Millichap’s The Woodlands office, and Vincent Knipp, senior vice president investments in Marcus & Millichap’s Dallas office had the exclusive listing to market the property on behalf of the seller, a developer.
Aldi is located at FM 1488 and Conroe Huffsmith Road in Magnolia.
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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