Marcus & Millichap Arranges Sale of 22,350 Square Foot Shopping Center in Houston

HOUSTON, TX, July 15, 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 Yorktown Crossing, a 22,350-square-foot retail center in Houston, Texas.

Justin Miller, senior vice president investments and John Wagner, associate in Marcus & Millichap's Houston office, had the exclusive listing to market the property on behalf of the seller, a private out-of-state investor. The buyer was a Houston-based private investor. "This offering generated a lot of interest right out of the gate due to its strong occupancy history and clean operations," said Wagner. "Ultimately, after a best and final round of offers, the seller selected a buyer with a proven track record in Houston and the most competitive terms," added Miller.

Yorktown Crossing is located at 5537 Hwy 6 N. The fully occupied retail center sits on a 2.58-acre parcel with ample parking and a drive-thru. It includes a diverse mix of 12 tenants, all featuring triple-net leases.

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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.