TUCSON, Ariz. – 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 Smoothie King Drive-Thru Shops, a 7,142-square-foot retail property located in Tucson, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix office, the asset sold for $1,557,000 ($218 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 also procured by Ruble and Lind. Smoothie King Drive-Thru Shops is located at 1070 East Tucson Marketplace Boulevard in Tucson, Arizona. Built in 2013 on 1.04 acres, this shopping strip includes five suites that were 64% occupied at the time of sale with tenants Smoothie King, Bella Nails & Spa and Planet Sub.