Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Walgreens, a 14,820-square foot net leased property located in Goodyear, according to Steven Ross Chaben, Managing Director of the firm’s Phoenix office. The asset commanded a sales price of $9,094,000.
Mark Ruble and Jamie Medress, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, an individual/personal trust, was secured and represented by Kirk Trammell, an investment specialist in Marcus & Millichap’s Palo Alto office.
Walgreens is located at 9800 South Estrella Parkway. This is the first store in Arizona with the new “Wellness Experience” prototype. The new prototype is focused on the Pharmacy experience and building sustainability. In addition, this is the second Walgreens in the country to receive LEED certification.
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With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 6,149 transactions in 2012, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.