Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Service King, a 4,216-square foot net-leased property located in Peoria, AZ, according to Donald D. Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,351,251.
Chris Doty, a net leased Specialist in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, an individual/ personal trust. The buyer was an individual/personal trust. Service King is located at 8800 North 91st Avenue in Peoria, AZ.
In addition, the firm has announced the sale of Aaron’s, a 6,000-square foot net-leased property located in Buckeye, AZ, according to Donald D. Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,685,000.
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.
Aaron’s is located at 1260 South Watson Road in Buckeye, AZ. Located in one of the most dynamic trade areas in Greater Phoenix, as evidenced by sales figures, indicates that Buckeye has some of the top performing retailers in the region. Aaron’s, Inc., a national leader in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories, has more than 1,900 Company-operated and franchised stores in 48 states and Canada.
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.