TUCSON, 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 NFP Insurance Solutions, a 15,600-square-foot net-leased property located in Tucson, Arizona.
According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $3,200,000 ($205 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.
Built in 1970, NFP Insurance Solutions is situated within a retail center with a diverse tenant profile and surrounded by national retailers HomeGoods, In-N-Out Burger, Wendy’s, Michael’s, Floor & Décor, Bealls Outlet and more. The asset is easily accessible to 244,381 residents within a five-mile radius in the growing Tucson trade area and visible to over 77,300 vehicles per day at the high traffic intersection of Broadway Boulevard and Kolb Road.
With an almost 20-year operating history at this location, NFP Insurance Solutions at 6992 East Broadway Boulevard in Tucson, Arizona is the company’s top performing branch.