PHOENIX, ARIZ. – 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 Starbucks Shops, a 12,399-square foot retail property located in Phoenix, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $3,700,000.
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, a private investor, was secured and represented by Ruble, Medress and Lind.
Starbucks Shops is located at 2755 N 91st Ave in Phoenix, AZ.