MARCUS & MILLICHAP ARRANGES THE SALE OF A 2,023-SQUARE FOOT NET-LEASED PROPERTY

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 Taco Bell Ground Lease, a 2,023-square foot net-leased property located in Phoenix, according to Don Morrow, regional manager of the firm’s Phoenix office.

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The asset sold for $1,400,000.

Mark Ruble and Jamie Medress, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a private investor, was secured and represented by Chris Lind and Mark Ruble.

Taco Bell Ground Lease is located at 7440 South 7th Street in Phoenix.

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