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 Bank of America, a 3,800-square foot net-leased property located in Mansfield, 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 secured by Mr. Levy.

Bank of America is located at 3160 East Broad Street in Mansfield, Texas. The subject property is located in a rapidly developing area on East Broad Street about a quarter of a mile west of Texas Highway 360. Area traffic generators include Kroger Marketplace, Vernon Newsom Stadium, Big League of Dreams ballpark, Hawaiian Falls, Mansfield and Lake Ridge High Schools and Methodist Mansfield Medical Center. A proposed site for a 25,000+ square foot retail center sits directly across from the subject property. Other neighboring retailers include Chick-fil-A, Starbucks, Taco Casa, Whataburger, Chase Bank, RaceTrac, Kwik Kar, Walgreens, DaVita Dialysis and Rosa’s Café.

About Marcus & Millichap (NYSE: MMI)

With over 1,700 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 9,000 transactions in 2016 with a value of approximately $42.3 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