Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Bank of America, a 3,415-square foot net-leased property located in Dallas, Texas, according to Tim A. Speck, division manager in the firm’s Dallas office.

The buyer, a private investor, was represented by Kyle Varni and Vincent Knipp, investment specialists in Marcus & Millichap’s Dallas office.

“The buyer was looking for a property with a below market rent in a high-income area,” stated Varni. The buyer commented, “The Knipp Group provided tremendous value as a buyer’s agent. After discussing my criteria, Kyle found a property worth pursuing, providing guidance and comps along the way. The whole process was controlled, and I was able to get everything needed to remove contingencies and close the deal quickly”.

Bank of America is located at 6085 Campbell Rd in Dallas, Texas. The subject property sits on approximately 0.68 acres of land and was built in 1988.

About Marcus & Millichap (NYSE: MMI)

With nearly 2000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,472 transactions in 2018 with a value of approximately $46.4 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.