Marcus & Millichap Real Estate Investment Services announced the sale of US Bank Ground Lease, a 5,000 SF net-leased property located in Phoenix, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $3.458M.
Jamie Medress and Mark Ruble, 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.
US Bank Ground Lease is located at 3530 W. Southern Ave. in Phoenix. The property is located at a retail intersection and is the only free-standing US Bank with a drive-thru in the trade area.