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 Oakridge West, a 6,300-square foot retail property located in Hudson Oaks, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.
Chris Gainey, Senior Associate and 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. After sourcing multiple offers from both in-state and out of state investors, the buyer, a local investor and developer, was secured by Mr. Levy and Mr. Gainey.
Oakridge West is located at 2815 Fort Worth Highway in Hudson Oaks, Texas. The center is located on Fort Worth Highway (US 180), just north of Interstate 20. The center is across the highway from Walmart Supercenter. Other neighboring retailers include BBVA Compass, Golden Chick, Walgreens, Starbucks, GNC, Papa John’s, McDonald’s, Taco Bell, Anytime Fitness, UPS Store, Waffle House, City Lights Theatre, Splash Kingdom Wild West Waterpark and more. Splash Kingdom draws nearly 100,000 visitors to the area annually. The subject property is located in an affluent area, with a one mile average household income exceeding $107,000.
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
