Marcus & Millichap Arranges The Sale Of A 7,000 SF Net-Leased Property

8/30/19

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 Advance Auto Parts, a 7,000-square foot net-leased property located in Killeen, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office. The asset had a listing price of $860,000.

James H. Bell, an investment specialist in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. The seller bought the property seventeen years ago from the listing agent who was representing the developer of the property and then sold it utilizing the same agent. The buyer, a limited liability company, was secured and represented by James H. Bell,

Advance Auto Parts is located at 1600 S Fort Hood Street in Killeen, 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.