MARCUS & MILLICHAP ARRANGES THE SALE OF A 4,387-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 Bank of America Ground Lease, a 4,387-square foot net-leased property located in Surprise, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $3,250,000.

netleased prop

Mark Ruble and Jamie Medress, 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.

Bank of America Ground Lease is located at 16794 West Bell Road in Surprise, Ariz.

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