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 Hooters, a 7,999-square foot net-leased property located in San Angelo, TX, according to Grant Fitzgerald, sales manager of the firm’s Tampa office. The asset sold for $3,333,333.

The buyer, an individual/personal trust, was secured and represented by Moe Derbala-Khalifa, an investment specialist in Marcus & Millichap’s Tampa office. Broker, Tim Speck, assisted in closing this transaction.

Hooters is located at 4384 Sherwood Way in San Angelo, TX and features Class A Construction in a prime location. The property is located two-miles from Angelo State University with enrollment of over 10,000 students.

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.