MARCUS & MILLICHAP ARRANGES THE SALE OF A 4,054-SQUARE-FOOT, NET-LEASED PROPERTY
TIFTON, GEORGIA, June 27, 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 Steak 'N Shake, a 4,054-square-foot, net-leased property located at 4429 Union Road in Tifton, Georgia, 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, a private investor. The buyer, a private investor, was also secured by Bruce Bentley III and Douglas Diffie. Michael Fasano, Broker, assisted in closing this transaction.
Built in 1993, this Steak 'N Shake is contiguous to a Pilot Travel Center directly off of Interstate 75’s Exit 60.
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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