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 Wells Fargo Ground Lease, a 4,692-square foot net-leased property located in Marana, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office.
The asset sold for $2,118,000.
Jamie Medress and Mark Ruble, 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 Jamie Medress and Mark Ruble.
Wells Fargo Ground Lease is located at 12140 N Dove Mountain Blvd in Marana, Ariz.