Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Denaro 101 Plaza, a 33,186-square foot retail property located in Glendale, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $9.6 million.
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 limited liability company, was secured and represented by Alexander Garcia Jr., investment specialists in Marcus & Millichap’s Ontario office. The buyer accessed the property listing information through Marcus & Millichap’s proprietary interoffice listing system that is designed to access the largest pool of qualified buyers.
Denaro 101 Plaza is located at 6685 West Beardsley Road in Glendale, AZ. The subject consists of four buildings and is leased to 14 tenants. The property is located in the highly desirable Arrowhead Ranch Master Planned Community.