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 Advance Auto Parts, a 6,777-square foot net-leased property located in Cypress, Texas, according to Tim A. Speck, Division Manager in the firm’s Dallas office.

Kyle Varni and Vincent Knipp, investment specialists in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a client. The buyer, a private investor, was secured and represented by an outside broker.

“Advance Auto recently extended the lease, so the buyer was looking to take advantage of the added term. We were able to bring multiple offers,” stated Knipp.

Advance Auto Parts is located at 13808 Cypress North Houston Road in Cypress, Texas.

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.