MARCUS & MILLICHAP BROKERS 23,524-SQUARE-FOOT RETAIL SALE

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BEAUMONT, TEXAS — Marcus & Millichap has brokered the sale of Beaumont Fountain Plaza, a 23,524-square-foot retail strip center located in Beaumont. Situated at 3050 Dowlen Rd., the property is anchored by Pei Wei Chinese Restaurant. Occupancy was 100 percent at the time of closing. Alvin Mansour and Philip Sambazis of Marcus & Millichap’s San Diego office listed the property on behalf of the seller, a Texas-based limited liability company. Al Silva and Jason Heard of Marcus & Millichap’s Fort Worth, Texas, office represented the buyer, an out-of-state limited liability company participating in a 1031 exchange.

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