Marcus & Millichap Arranges The Sale Of Two Net-Leased Properties Totaling 5,850-Square Feet

7/20/17

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 two Take 5 Oil Change locations, one being 3,000-square feet and the other 2,850-square feet, both net-leased and located in Garland, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

Philip Levy, Senior Vice President 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 also secured by Mr. Levy.

The Take 5 Oil Changes are located at 3105 South Jupiter and 3909 South Broadway Boulevard in Garland, Texas. The subject properties are located in heavily populated and trafficked areas with neighboring retailers including Walmart Neighborhood Market, Waffle House, 7-Eleven, Super 8 Motel and dealerships for Chevrolet, Cadillac, Buick and Dodge/Chrysler/Jeep. The surrounding area of the South Jupiter location is largely industrial and distribution centers, including Fossil, Office Max, Elliott Electric Supply, ProFlowers.com, Greenstar Recycling, Apex Tool Group, among others.

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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