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 Chipotle, a 3,000-square foot net-leased property located in Ahwatukee (Phoenix), AZ, according to Donald D. Morrow, regional manager of the firm’s Phoenix office.
The asset sold for $2,551,000.
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 private investor, was secured and represented by Paul A. Bitonti , an investment specialist in Marcus & Millichap’s Newport Beach office.
Chipotle is located at 4111 E. Chandler Boulevard in Ahwatukee (Phoenix).