Marcus & Millichap : Arranges The Sale Of A 29,072-Square Foot Net-Leased Property
January 12, 2022 at 05:16 pm
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PASADENA, TEXAS, January 12, 2022 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Pollo Campero- NNN Ground Lease, a 29,072-square foot net-leased property located at the signalized intersection of Fairmont Parkway and Lily Street in Pasadena, Texas, according to Ford Noe, Regional Manager of the firm's Houston office.
Riley Sharman, Senior Associate in Marcus & Millichap's Houston office, had the exclusive listing to market the property on behalf of the seller, a Washington state based individual/personal trust. The buyer, a private investor from California purchased the property in a 1031 tax-deferred exchange at full asking price.
Pollo Campero- NNN Ground Lease is located at 5000 Fairmont Parkway in Pasadena, Texas.
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About Marcus & Millichap (NYSE: MMI)
With over 2,000 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 8,954 transactions in 2020 with a value of approximately $43 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.
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Marcus & Millichap Inc. published this content on 12 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2022 17:15:00 UTC.
Marcus & Millichap, Inc. is a brokerage company. The Company is specialized in commercial real estate investment sales, financing services, research, and advisory services. The Company also offers market research, consulting, and advisory services to its clients. The Company offers services to its clients by underwriting, marketing, selling, and financing commercial real estate properties in a manner that maximizes value for sellers, provides buyers with a diverse inventory of commercial properties, and secures competitive financing from lenders for borrowers. The Company divides its commercial real estate into four market segments: properties, private client market, middle market, and larger transaction market. The Company serves clients with one property, multiple properties, and large investment portfolios. The Companyâs investment brokerage and financing professionals serve private clients within the private client market segment.
MARCUS & MILLICHAP, INC. 
