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 Taco Bell Ground Lease, a 2,023-square foot net-leased property located in Phoenix, according to Don Morrow, regional manager of the firm’s Phoenix office.
The asset sold for $1,400,000.
Mark Ruble and Jamie Medress, 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 private investor, was secured and represented by Chris Lind and Mark Ruble.
Taco Bell Ground Lease is located at 7440 South 7th Street in Phoenix.