MARCUS & MILLICHAP ARRANGES THE SALE OF A 14,820-SQUARE-FOOT 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 Walgreens, a 14,820-square foot net-leased property located in Marana, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office.

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The asset sold for $5,466,600.

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 developer.  The buyer, a limited liability company, was secured and represented by Ryan Shook and Evan Barry, investment specialists in Marcus & Millichap’s Newport Beach, Phoenix office.

Walgreens is located at 12050 North Dove Mountain Blvd in Marana, Ariz.

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