MARCUS & MILLICHAP ARRANGES THE SALE OF A 6,000-SQUARE-FOOT, NET-LEASED PROPERTY
FAYETTEVILLE, NORTH CAROLINA, March 1, 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 Sunbelt Rentals, a 6,000-square foot net-leased property located in Fayetteville, North Carolina, according to Craig R. Swanson, regional manager of the firm’s Austin office. A build-to-suit in 2001, Sunbelt Rentals is located at 318 South Eastern Boulevard in Fayetteville, North Carolina.
The property is three acres, located off Bragg Boulevard on South Eastern Boulevard. Sunbelt Rentals has occupied this space since 2001.
Sunbelt Rentals is one of the largest equipment rental companies in North America with over 550 locations. Sunbelt’s extensive fleet exceed $5.0 billion and includes general construction equipment, industrial tools, pumps and power generation, and more.
Patrick Doherty, David Houston and Scott A. Ryan, investment specialists in Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was also secured by Patrick Doherty, David Houston and Scott A. Ryan. Raj Ravi, acted as the broker-of-record in closing this transaction.
Patrick Doherty, David Houston, and Scott A. Ryan represent landlords nationwide in the sale of single-tenant, net-leased industrial properties. This focus has allowed the team to build a niche in single-tenant, net-leased assets resulting in over 25 successful transactions in 10 states since 2014.
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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