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 Camelback Village Square Ground Lease, a 135,000-square foot net-leased property and a LA Fitness Ground Lease, a 45,000-square foot net-leased property located in Phoenix, according to Don Morrow, regional manager of the firm’s Phoenix office.
The asset sold for $8,325,000.
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. The buyer was also secured and represented by Jamie Medress and Mark Ruble.
The properties are located at the Northwest Corner of Camelback Road & 7th Avenue in Phoenix.