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 Chick-Fil-A Ground Lease, a 4,075-square foot net-leased property located in Hutchinson, KS, according to Donald D. Morrow, regional manager of the firm’s Phoenix office.
The asset sold for $1,240,000.
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 partnership, was secured and represented by Jamie Medress and Mark Ruble , investment specialists in Marcus & Millichap’s Phoenix office.
Greg Bates, Broker, assisted in closing this transaction.
Chick-Fil-A Ground Lease is located at SEC East 17th Avenue and Ken Kennedy Freeway in Hutchinson, KS.