MARCUS & MILLICHAP ARRANGES THE SALE OF A TWO PROPERTY NET-LEASED PROPERTY PORTFOLIO
ALICE, TEXAS, May 3, 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 Forbes Energy Services locations in Alice, Texas and Marshall, Texas, according to Craig R. Swanson, regional manager of the firm’s Austin office.
Scott Ryan, Vice President Investments, and Patrick Doherty, investment specialists in Marcus & Millichap’s Austin office, exclusively marketed the property on behalf of the seller, a Texas based partnership. The buyer of the portfolio was a California based investor that purchased the properties through a 1031 exchange.
Scott Ryan and Patrick Doherty represent landlords nationwide in the sale of single-tenant, net-leased equipment rental properties. This portfolio represents the 14th & 15th single-tenant properties marketed and sold by this team within the last 18 months.
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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