Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Filiberto’s, a 2,200-square foot net-leased property located in Goodyear, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $1,600,003.
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, an individual/personal trust, was also procured by Ruble and Lind.
Filiberto’s is located at 891 South Cotton Lane in Goodyear, Arizona. The property was newly constructed in 2020 on just under an acre of land. The asset includes an absolute triple-net lease with 19 years remaining and 10% increases every five years.