MARCUS & MILLICHAP ARRANGES THE SALE OF A 1,938-SQUARE-FOOT NET-LEASED PROPERTY
AUSTIN, TEXAS, July 11, 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 Pizza Hut, a 1,938-square-foot net-leased property located at 1811 Guadalupe Street in Austin, Texas, according to Craig R. Swanson, regional manager of the firm’s Austin office.
Bruce Bentley III, senior associate in Marcus & Millichap’s Austin office, represented the seller, a family partnership that had owned the property for over 50 years. The buyer, an out-of-state limited liability company, was also procured by Mr. Bentley.
Built in 1972, Pizza Hut is located in Downtown Austin and in immediate proximity to The University of Texas.
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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