Press Release brought to you by Marcus & Millichap

Marcus & Millichap Arranges Sale of Inner-Loop Houston Shopping Center

05/14/2014

HOUSTON, TX May 14, 2014– 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 TitleMax | Cindie's - NNN, a 4,854-square-foot shopping center in the inner loop of Houston, according to David H. Luther, Vice President/Regional Manager of Marcus & Millichap’s Houston office. The asset had a list price of $1,540,000.

Justin Miller and Derek Hargrove, investment specialists in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, an affiliate of Braun Enterprises.  The team generated 14 offers in less than a two week period, before selling the asset to an all cash local private buyer who closed in just 10 days.

TitleMax | Cindie's - NNN is located at 3507 South Shepherd Drive in Houston, TX.  The property attracted significant interest due to its inner loop Montrose location, appealing price point and corporate tenant mix. 

#     #     #

 

About Marcus & Millichap (NYSE: MMI)

With over 1,300 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 6,600 transactions in 2013 with a value of approximately $24 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

UNITED STATES: · Atlanta · Austin · Bakersfield · Birmingham · Boise · Boston · Brooklyn · Charleston · Charlotte · Charlotte Uptown · Chicago Downtown · Chicago Oak Brook · Chicago O’Hare · Cincinnati · Cleveland · Columbia · Columbus · Dallas · Denver · Detroit · Encino · Fort Lauderdale · Fort Worth · Fresno ·Houston · Indianapolis · Iowa · Jacksonville · Kansas City · Lafayette · Las Vegas · Little Rock · Long Beach · Los Angeles · Louisville  · Manhattan · Memphis · Miami · Milwaukee · Minneapolis · Nashville · New Haven · New Jersey · New Mexico · Newport Beach · Oakland · Oklahoma City · Ontario · Orlando · Palo Alto · Philadelphia · Phoenix · Pittsburgh · Portland · Providence · Raleigh · Reno · Sacramento · Salt Lake City · San Antonio · San Diego · San Francisco · St. Louis · Seattle · Tampa · The Woodland · Tucson · Tulsa  · Washington, D.C. · West Los Angeles · Westchester  CANADA: · Calgary · Toronto · Vancouver

05/14/2014 - 09:36

Source

Marcus & Millichap

Want more news about Marcus & Millichap? Click here