MARCUS & MILLICHAP ARRANGES THE SALE OF A 3,043-SQUARE-FOOT, NET-LEASED PROPERTY
BRIDGETON, MISSOURI, July 8, 2016 – 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 Arby's, a 3,043-square-foot, net-leased property located at 11976 Paul Mayer Avenue in Bridgeton, Missouri, according to Craig R. Swanson, regional manager of the firm’s Austin office.
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, an individual/personal trust. The buyer, a private investor, was secured and represented by Nicholas P. Scelsa and Edward J. Nelson, investment specialists in Marcus & Millichap’s Sacramento office. Bradley Barham, Broker of Record, assisted in closing this transaction.
Built to suit in 2009, this Arby’s is anchored as a Lowe’s outparcel and benefits from 150,000 potential consumers living within a five-mile radius of the property.
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About Marcus & Millichap (NYSE: MMI)
With over 1,600 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 8,700 transactions in 2015 with a value of approximately $37.8 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