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 Copperas Cove Retail, a 16,400-square foot retail property located in Copperas Cove, Texas, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

Philip Levy, Senior Managing Director 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.

Copperas Cove Retail a 16,400-square foot multi-tenant retail center located at 301 Constitution Drive in Copperas Cove, Texas. The subject property is currently 100 percent occupied, and all leases are triple-net. The building was constructed in 2005 and sits on 1.098 acres.

National credit tenants comprise 83 percent of the gross leasable area, including CATO, Payless Shoe Source, Sally Beauty Company, Bank of America, GameStop and Jackson Hewitt Tax Service.

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