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 Rocky Creek Medical Building, a 10,500-square foot net-leased property in Missouri City, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office.

Justin Miller, First Vice President Investments and Wesley J. Clayborn, Associate, in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a local developer. The buyer, an out of state investor in a 1031 exchange, was secured and represented by Ray Turchi, Senior Vice President Investments and David Vaughan, Senior Associate in Marcus & Millichap’s Orlando office.

“Whenever we sell properties in the high-demographic suburbs of Houston, we get strong attention from investors around the country,” says Miller. “We generated multiple offers from buyers attracted to the long-term lease and minimal landlord responsibilities on this deal, as well,” added Clayborn.

Rocky Creek Medical Building is located at 3281 Rocky Creek Drive in Missouri City, Texas.

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.