M&M ARRANGES SALE OF RETAIL PROPERTY IN METRO DALLAS

by admin

HURST, TEXAS — Marcus & Millichap has arranged the sale of Melbourne Shopping Center, a 6,820-square-foot retail property located in Hurst, one of the mid-cities between Dallas and Fort Worth. Philip Levy of Marcus & Millichap’s Fort Worth office marketed the property on behalf of the seller, a private investor. Levy also represented the buyer, another private investor. Melbourne Shopping Center is located at 805-813 Melbourne Road. The property was 84 percent occupied at the time of sale and all leases are triple-net. The building was constructed in 1979 on 1.1 acres. Tenants include Payless ShoeSource, Texas Mini Mart and Model Nails.

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