COLLINSVILLE, IL – 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 Freddy’s Ground Lease, a 2,600-square foot net-leased property located in Collinsville, IL, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $1,175,000.
Jamie Medress and Mark Ruble, 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 was a private investor.
Freddy’s Ground Lease is located at 301 N. Bluff Rd. in Collinsville, IL.