Marcus & Millichap Arranges the Sale of a 43,996 SF Net Leased Property in Sacramento, California

SACRAMENTO, Calif. July 10, 2024 - 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 a net-leased property located in Sacramento, California. The asset sold for $1,630,000.

"The buyer intends to lease the property to a suitable tenant. Once stabilized, the buyer will maintain the property in their portfolio as a leased investment," shared Christopher Hurd, first vice president investments in Marcus & Millichap's Sacramento office. Hurd had the exclusive listing to market the property on behalf of the seller, an individual/personal trust.

The property is located at 6401 Stockton Blvd & 6050 Elder Creek Road in Sacramento, California. Positioned along one of the most heavily trafficked thoroughfares in Sacramento County, the site boasts average daytime traffic counts of more than 50,000 cars per day.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.