MESA, AZ – Marcus & Millichap (NYSE: MMI) announced the sale of a Krispy Kreme Ground Lease, a 5,500-square foot net-leased property located in Mesa, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $3.45 million ($627 PSF).
Jake Baratz, Jamie Medress, 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 partnership. The buyer, an individual/personal trust, was secured and represented by Jake Baratz, Jamie Medress, Mark Ruble and Chris Lind.
Krispy Kreme Ground Lease is located at 6626 E Superstition Springs Blvd in Mesa, AZ.