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 – Relocation Store, a 2,000-square foot net-leased property located in Gilbert, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $2,750,000.
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. Trent Goulette, of Southwest Retail Group represented the Buyer in this transaction.
Starbucks – Relocation Store is located at 1951 E Baseline Rd in Gilbert, AZ.