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 Ennis Crossroads, a 64,842-square foot retail property located in Ennis, Texas.

Blake Burnett, first vice president investments and Philip Levy, senior managing director investments in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was secured and represented by Ahmed Kabani, first vice president investments, in Marcus & Millichap’s Miami office.

“There were as many as 17 offers on the property, and the seller ultimately chose the buyer that offered hard earnest money day one,” said Levy.

Ennis Crossroads is located at the southwest quadrant of interstate 45 and State Highway 3, two major thoroughfares in the city. The center is 100 percent occupied and 69 percent of the gross leasable area has triple-net leases.

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.