October 9, 2014

AZRE

Denny’s signs ground lease in Yuma

Marcus & Millichap announced the sale of Denny’s ground lease, a 4,300-square foot net-leased property located in Yuma , Ariz, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $1,527,300.

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.  The buyer, a private investor, was secured and represented by Matt LoPiccolo, an investment specialist in Marcus & Millichap’s San Diego office.

Denny’s Ground Lease is located at 11255 E. South Frontage Rd. in Yuma.