MARCUS & MILLICHAP ARRANGES THE SALE OF A 3,616-SQUARE FOOT NET-LEASED PROPERTY

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 Raising Cane’s – 20 Yr. NNN, a 3,616-square foot net-leased property located in Phoenix, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office. The asset sold for $4,175,000.

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 secured and represented by Armond Aivazyan, Yannis Papadakis and David Berookhim , investment specialists in Marcus & Millichap’s Los Angeles office.

Raising Cane’s – 20 Yr. NNN is located at 1050 E Bell Rd in Phoenix, AZ.

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