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 Walgreens, a 14,715-square foot net-leased property located in Chandler, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $6,782,000. Jamie Medress, Mark Ruble 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 limited liability company, was secured and represented by Armond Aivazyan, Yannis Papadakis and David Berookhim, investment specialists in Marcus & Millichap’s Los Angeles office.
Walgreens is located at 975 E Ocotillo Rd in Chandler, AZ.