Marcus & Millichap arranges $2.38 million sale of a 3,000-sf 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  El Pollo Loco Ground Lease – 20 Yrs, a 3,000-square foot net-leased property located in Avondale, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $2,375,000.

Mark Ruble, Jamie Medress, and Chris Lind, 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, an individual/personal trust, was also secured and represented by Ruble, Medress, and Lind.

 El Pollo Loco Ground Lease – 20 Yrs is located at 103rd Ave & W McDowell Rd in Avondale, AZ.