Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of 11500 South Sam Houston Parkway West, a 34,000-square foot net-leased property located in Houston, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office. The asset had a list price of $3,950,000.

David H. Luther, First 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 winning bidder was an out-of-area, exchange buyer that liked the net-lease product with adjacent land he could develop” says David Luther.

11500 South Sam Houston Parkway West is in Houston, Texas.

About Marcus & Millichap (NYSE: MMI)

With nearly 2000 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 9,472 transactions in 2018 with a value of approximately $46.4 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.