BUCKEYE, AZ – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Burger King, a 3,237-square foot triple-net-leased property located in Buckeye, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $1,525,000 ($471 PSF).
The buyer, a partnership, was procured by Chris Lind, Jamie Medress and Mark Ruble, investment specialists in Marcus & Millichap’s Phoenix office. Burger King is located at 1315 South Watson Road in Buckeye, Arizona about one mile south of Interstate-10 surrounded by dense residential neighborhood. The property has great visibility from Yuma Road, which sees more than 23,000 vehicles per day, as well as Watson Road, which sees more than 14,000 vehicles per day.