Press Release brought to you by Marcus & Millichap

MARCUS & MILLICHAP ARRANGES THE SALE OF GOLDEN CORRAL IN AUSTIN, TEXAS

02/24/2016

AUSTIN, TEXAS, February 24, 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 Golden Corral, a 14,039-square-foot net-leased property located at 12509 North Lamar Boulevard in Austin, Texas, according to Craig R. Swanson, regional manager of the firm’s Austin office.

Douglas Diffie and Bruce Bentley III, 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 private out of state 1031 investor, was secured and represented by The Mansour Group in Marcus & Millichap’s San Diego office. 

Built in 2010, Golden Corral is a 14,039-square-foot prototype restaurant is situated on a large 2.80-acre parcel at one of the busiest intersections in North Austin.

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About Marcus & Millichap (NYSE: MMI)

With over 1,500 investment 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 7,600 transactions in 2014 with a value of approximately $33.1 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

 

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Source

Marcus & Millichap

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