Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Pantego Auto Center, a 36,910-square foot retail property located in Arlington, Texas, according to Mark McCoy, Sales Manager of the firm’s Fort Worth office.

Bill G. Jordan, First Vice President Investments and Steven McClendon, Associate in Marcus & Millichap’s Fort Worth office, exclusively marketed the property on behalf of the seller, a private investor. The buyer, in a 1031 Exchange was secured by Dimitri Jordan, Associate in Marcus & Millichap’s The Woodlands office with Justin Miller, First Vice President Investments and Davis Hansen, Senior Associate in Marcus & Millichap’s Houston office.

Pantego Auto Center is located at 2101 W Pioneer Parkway in the center of Dallas/Fort Worth in Arlington, Texas. It is 100 percent occupied with a long stable history of tenants that are dedicated to automobile related services.

About Marcus & Millichap (NYSE: MMI)

With nearly 2000 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 9,472 transactions in 2018 with a value of approximately $46.4 billion. Marcus & Millichap 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.