Marcus & Millichap Arranges The Sale Of A 6,962-Square Foot Multi-Tenant Medical Office Building

6/20/17

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 1752 Broad Park Circle, a 6,962-square foot multi-tenant medical office building located in Mansfield, Texas, according to Kyle Palmer, regional manager of the firm’s Fort Worth office.

Philip Levy, Senior Managing Director Investments in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, an individual/personal trust, was secured by Mr. Levy.

The Property is located at 1752 Broad Park Circle in Mansfield, Texas. The subject property is 100 percent occupied, consisting of Advanced Facial & Oral Surgery, Conference Room, Dr. Podgurecki, and Rob Schulz Financial. The building was constructed in 2007 and sits on .475 acres.

The subject property is located on the corner of Broad Park Circle and Regency Parkway in a medical office park. Baylor Surgicare at Mansfield sits directly south of the property and provides a broad range of outpatient surgical procedures. The area has excellent demographics, with one mile average household income of $111,900 and five mile population exceeding 114,600 residents

About Marcus & Millichap (NYSE: MMI)

With over 1,700 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 9,000 transactions in 2016 with a value of approximately $42.3 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

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