Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of 1751 Broad Park Circle, a 0.5 acre office property located in Mansfield, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

Philip Levy, First Vice President Investments in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a developer. The buyer, a private investor, was also secured by Mr. Levy.

The subject property is 5,776-square foot multi-tenant medical office building constructed in 2007 and sits on 0.5 acres. The property is 100 percent occupied, and all leases are triple net.

The subject property is located on the corner of Broad Park Circle South and Regency Parkway in a medical office park. Baylor Surgicare at Mansfield sits directly south of the property and provides a broad range of outpatient surgical procedures.

About Marcus & Millichap (NYSE: MMI)

With over 1,600 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 over 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company 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