Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Bonham Retail Center, a 8,168-square foot retail property located in Bonham, Texas, according to Tim A. Speck, division manager in the firm’s Dallas office.

Philip Levy, an investment specialist in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a developer. The buyer, a private investor, was also secured and represented by Levy.

“Due to the Covid-19 Pandemic, we were confronted with the obstacle of not all tenants paying full rent at the time of sale, but we were able to meet both parties’ goals and complete the sale,” commented Levy.

Bonham Retail Center is located at 2008 North Highway 121 in Bonham, Texas. The subject property is a new construction, 8,168-square foot, multi-tenant retail center that is currently 100 percent occupied with all triple-net leases and 100 percent of the gross leasable area has credit tenants.

About Marcus & Millichap (NYSE: MMI)

With over 2,000 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 9,726 transactions in 2019 with a value of approximately $50 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.