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 Shell on Fitzhugh, a 2,500-square foot retail property located in Dallas, Texas, according to Tim A. Speck, division manager in the firm’s Dallas office.

Joe Santelli, investment specialist in Marcus & Millichap’s Dallas office, represented the seller in the transaction and procured the buyer.

“We were able to meet the needs of both parties in the transaction with a quick due diligence period and closing, the seller achieving the desired selling price and terms, and the buyer securing attractive financing,” commented Santelli, “The seller was looking to exit the property, which had been in their family for many years, and move the capital into other investment opportunities. The buyer was looking to acquire a well-located asset where they could take over the operations to satisfy their business model”.

Shell on Fitzhugh is located at 2801 N Fitzhugh Ave in Dallas, Texas. The subject property is situated on 0.3 acres of land.

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.