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 AAA, a 6,636-square-foot net-leased property located in Phoenix, Arizona.

According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $3,520,000.

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, another limited liability company, was procured by Lind and Ruble.

AAA is a brand new high-quality 2021 renovated property located at 3638 East Thomas Road in Phoenix, Arizona. In close proximity to the high traffic intersection of North 32nd Street and East Thomas Road, the asset is visible to over 73,000 vehicles per day. AAA is adjacent to The Home Depot and Walmart Supercenter Anchored Shopping Plaza. Based in the growing Phoenix MSA trade area, the asset less than one mile from Arcadia Crossing Business Center with over 30 national and local retailers.

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