GOODYEAR, Arizona – 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 Brakes Plus, a 5,148-square-foot net-leased property located in Goodyear, Arizona.
According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $3,555,000 ($690 PSF).
Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a private investor, was procured by Lind and Ruble.
Built in 2021, Brakes Plus is primely located at 760 North Estrella Parkway in Goodyear, Arizona. The asset is visible to 36,000 cars per day along North Estrella Parkway and accessible to 152,209 residents within a five-mile radius. Goodyear is one of the top 10 fastest growing cities in the Nation according to U.S. Census Data, where households and population is projected to increase 15 to 17 percent in the immediate area by 2026.