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 Pipeline Road Plaza, a 10,800-square foot retail property located in Hurst, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

Lisa Estrada, Senior Associate in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. The property was placed under contract within 20 days of listing it and at 99% of the list price. The buyer, a limited liability company, was also secured by Ms. Estrada.

Pipeline Road Plaza is a 10,800-square foot retail strip center located at 846-850 Pipeline Road in Hurst, Texas. The center was 73% occupied at the time of closing. The current tenants have been in place for 17 years. The subject property is located at signalized intersection and very well maintained with $26,000 in recent parking lot repairs done in August 2016 and a complete new roof in 2009.

About Marcus & Millichap (NYSE: MMI)

With over 1,600 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 8,700 transactions in 2015 with a alue of approximately $37.8 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com