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 a 4,300-square foot net-leased Panera Bread property located in Weatherford, Texas.

Blake Burnett, an investment specialist in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The 1031 exchange buyer, based in New York City and was secured and represented by Josh Kanter, associate, Glen D. Kunofsky, executive managing director, Joe Koicim, senior managing director investments and Peter Von Der Ahe, executive managing director investments specialists in Marcus & Millichap’s Manhattan office.

“The buyer of Corporate Panera Bread was looking for long term triple net assets that produce a nice return,” said Kanter.

“This deal was only on the market for a week and resulted in a smooth all-cash closing,” adds Burnett.

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.