Marcus & Millichap Arranges The Sale Of Former Perkins Property in Iowa

MASON CITY, IA, June 28, 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 former Perkins Restaurant, a 5,047 SF property located in Mason City, Iowa. The asset sold for $500,000.

Carson Breshears and Hank Wolfer, investment specialists in Marcus & Millichap's Seattle office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. The buyer, a limited liability company, was secured and represented by Breshears and Wolfer. Jon Ruzicka, managing broker assisted in this transaction.

The former Perkins Restaurant is located at 2201 4th Street SW in Mason City, Iowa, situated on an expansive 1.58 acre parcel just down from Fleet Farm, Target, Tractor Supply and Menard's.

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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.