Newmark Arranges $16.6M Sale of Cold Storage, Ice Production Facility in Las Vegas

LAS VEGAS — Newmark has brokered the sale of a cold storage and ice production plant in Las Vegas. ZNZ Enterprises sold the asset to an undisclosed buyer for $16.6 million.Located at 1201 Searles Ave., the 100,991-square-foot property is fully triple-net leased to Reddy Ice Corp. The facility has operated as an ice production and cold storage facility since 1983. Reddy Ice has operated at the facility since 1999.Michael Zobrist, Lauren Tabeek and Jeffrey Price of Newmark represented …

Faris Lee Brokers $7.3 Million Sale of Single-Tenant Grocery Property in Baker City, Oregon

BAKER CITY, ORE. — Faris Lee Investments has arranged the $7.3 million sale of a single-tenant, 48,239-square-foot retail property in Baker City. Albertsons, the tenant, has approximately 15 years remaining on its absolute triple-net lease.Chris DePierro, Jeff Conover and Scott DeYoung of Faris Lee Investments represented the Orange County-based seller in the transaction. The buyer was not disclosed.The Albertsons grocery store is located adjacent to Interstate 84. Other national …

Marcus & Millichap Brokers $7.9M Purchase of Jiffy Lube Net-Leased Portfolio in Washington

TUKWILA, PUYALLUP AND PORT TOWNSEND, WASH. — The Leibsohn Group of Marcus & Millichap has arranged the acquisition of a three-property retail portfolio in Tukwila, Puyallup and Port Townsend. A private, Pacific Northwest-based investor acquired the portfolio from an undisclosed seller for $7.9 million.Jiffy Lube occupies each of the properties on long-term, net-lease basis.Brian Leisbsohn and Raymond Vara of The Leibsohn Group of Marcus & Millichap’s Seattle office procured …

Capstone Advisors Sells Salad and Go-Occupied Restaurant Building in Phoenix for $3.7M

PHOENIX — Carlsbad, Calif.-based Capstone Advisors has completed the disposition of a single-tenant building located with Ahwatukee Foothills Towne Center in Phoenix. A Nevada-based investor acquired the asset for $3.7 million.Salad and Go occupies the property under an absolute triple-net, 20-year ground lease. The restaurant opened for business at the newly constructed building in mid-June.Chris Hollenbeck and Shane Carter of Cushman & Wakefield represented Capstone in the

Marcus & Millichap Arranges Sale of 14,820 SF Walgreens-Occupied Building in Maricopa, Arizona

MARICOPA, ARIZ. — Marcus & Millichap has brokered the sale of a retail property located on 1.7 acres at the intersection of North John Wayne Parkway and West Smith Enke Road in Maricopa. An out-of-state buyer acquired the asset from the estate of a Northern California family for $5.7 million.Walgreens occupies the 14,820-square-foot retail building on a net-leased basis. Sanford Burstyn of Marcus & Millichap’s Phoenix office represented the seller and procured the buyer in the …

Hanley Investment Group Brokers $3.2M Sale of Single-Tenant Retail Building in Fontana, California

FONTANA, CALIF. — Hanley Investment Group has arranged the sale of a single-tenant retail building located at Highland Village Shopping Center in Fontana. Adler Realty Investments sold the asset to an Inland Empire-based 1031 exchange investor for $3.2 million.Sit ‘n Sleep occupies the 8,400-square-foot property on a triple-net-lease basis. Built in 2019, the building is located at 16948 S. Highland Ave.The seller developed the Highland Village Shopping Center, which is anchored by …

Marcus & Millichap Brokers $9.6M Sale of EoS Fitness-Occupied Property in Tempe

TEMPE, ARIZ. — Marcus & Millichap has arranged the sale of retail property located at 1727 W. Ranch Road in Tempe. MAR Group acquired the asset from a private preferred developer of EoS Fitness for $9.6 million.EoS Fitness occupies the 38,000-square-foot property under a net-lease agreement. Mark Thiel of Marcus & Millichap represented the seller and procured the buyer.Ryan Sarbinoff of Marcus & Millichap’s Phoenix office served as broker of

Marcus & Millichap Brokers $2M Sale of Net-Leased Office Property in Surprise, Arizona

SURPRISE, ARIZ. — Marcus & Millichap has arranged the sale of a net-leased office building located at 12129 W. Bell Road in Surprise. A limited liability company sold the asset to an undisclosed buyer for $2 million.RISE Services Inc. occupies the 8,936-square-foot building, which was built in 2003.Chris Lund and Mark Ruble of Marcus & Millichap’s Phoenix office represented the seller in the

CBRE Arranges $2.6M Sale of Single-Tenant Office Building in Las Vegas

LAS VEGAS — CBRE has brokered the sale of a single-tenant office building located at 7408 W. Sahara Ave. in Las Vegas. A private investor acquired the property for $2.6 million.Bertoldo, Baker, Carter & Smith Attorneys at Law occupy the free-standing, 11,604-square-foot building under a triple-net lease.Tyler Ecklund, James Griffis, Britney Arredondo and Randy Broadhead of CBRE represented the undisclosed seller in the

Marcus & Millichap Arranges $6.3M Sale-Leaseback of Kum & Go-Occupied Property in Colorado Springs

COLORADO SPRINGS, COLO. — Marcus & Millichap has arranged the sale of a retail property located at Spectrum Loop in Colorado Springs. A limited liability company acquired the asset for $6.3 million.Kum & Go gas station and convenience store occupies the 5,620-square-foot property on a net lease. The building is adjacent to a 4 million-square-foot Amazon distribution center, which was built in 2021.Brian Bailey and Drew Isaac of Marcus & Millichap’s Denver office …

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