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 Jack in the Box Ground Lease, a 2,850-square foot net-leased property located in Phoenix, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office.
The asset sold for $1,119,400.
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. The buyer, a private investor, was secured and represented by Jamie Medress, Mark Ruble and Chris Lind.
Jack in the Box Ground Lease is located at 1125 N 51st Avenue in Phoenix, AZ.