MARCUS & MILLICHAP ARRANGES THE SALE OF A 5,501-SQUARE-FOOT NET-LEASED PROPERTY
MOORESVILLE, N.C., June 29, 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 Buffalo Wild Wings, a 5,501-square-foot net-leased property located at 479 River Highway in Mooresville, North Carolina, according to Craig R. Swanson, regional manager of the firm’s Austin office.
Bruce Bentley III, Douglas Diffie and Dan Perrine, investment specialists in Marcus & Millichap’s Austin office, in conjunction with Raj Ravi, the designated North Carolina broker of record, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
“By creating a competitive auction-like environment, the asset ended up trading above list to an out-of-state, all-cash buyer,” says Mr. Bentley.
Built in 2013, Buffalo Wild Wings is located in immediate proximity to Interstate 77 and along the dominant River Highway retail corridor.
# # #
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