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 Arby’s – 22+ Yr. Lease, a 2,894-square foot net-leased property located in Phoenix (Goodyear), AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office.
The asset sold for $1,750,000.
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.
The buyer, a limited liability company, was also secured and represented by Chris Lind, Jamie Medress and Mark Ruble.
Arby’s – 22+ Yr. Lease is located at 442 N. Litchfield Road in Phoenix (Goodyear), Ariz.