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 McKay Medical Plaza, a 23,886-square foot office property located in Humble, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office. The asset had a listing price of $6,850,000.

David H. Luther, Senior Vice President Investments, and Morgan Hansen, Associate, in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by David H. Luther and Morgan Hansen. "This was an exciting deal to be part of. We generated numerous offers from both out-of-area and local investors, including medical and non-medical investors. The winning bidder was a multi-family, exchange buyer that liked the net leases and ecommerce proof tenancy...a testament to how investors perceive medical assets" says David Luther.

McKay Medical Plaza is located at 18648 McKay Drive in Humble, Texas.

About Marcus & Millichap (NYSE: MMI)

With over 1,800 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 2017 with a value of approximately $42.2 billion. Marcus & Millichap 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