MARCUS & MILLICHAP ARRANGES THE SALE OF A 5,500-SF 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 Krispy Kreme Ground Lease, a 5,500-square foot net-leased property located in Mesa, Ariz., according to Don Morrow, regional manager of the firm’s Phoenix office.

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The asset sold for $3,450,000.

Jake Baratz, 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 partnership.  The buyer, an individual/personal trust, was secured and represented by Jake Baratz, Jamie Medress, Mark Ruble and Chris Lind.

Krispy Kreme Ground Lease is located at 6626 E Superstition Springs Blvd in Mesa.

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