The Riley Family Trust of Corona Del Mar, California (Virginia C Riley, trustee) bought the leased fee interest in McDonald’s at 3640 West Tangerine Road in Marana for $1.8 million ($46 PSF). The land sold with a long term leased fee interest with McDonald’s on the 38,956-square-foot parcel.
The seller, also a California Trust, was represented by Jason Yukin of Marcus & Millichap in Fort Lauderdale, Florida and assisted by Marcus & Millichap in Phoenix.
McDonald’s built the 4,215-square-foot building in 2008 at the Tangerine Crossing Commercial Center, located east of the northeast corner of Thornydale and Tangerine Roads in Marana.
For additional information Yukin can be reached at 954.245.3431.
To learn more, see RED Comp #3891.