Phoenix, Ariz. – Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of TitleMax Corporate Ground Lease, a 1,652-square foot net-leased property located in Phoenix, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $1,037,143.
Henry Kerson, an investment specialist in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a limited liability company, was also secured and represented by Kerson.
“The subject sold at list price after multiple offers were received through our exclusive listing process,” says Kerson. “Our platform sourced an out-of-state, all cash buyer seeking a 1031 exchange opportunity. We were successful moving from offer to close of escrow in just over 30 days.”
TitleMax Corporate Ground Lease is located at 5102 W Thomas Rd in Phoenix, AZ.