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 Baylor Scott & White Institute For Rehabilitation, a 5,000-square foot medical center located in Farmers Branch, Texas, according to Tim A. Speck, division manager in the firm’s Dallas office.

Philip Levy 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 private investor. The buyer, a private investor, was also secured and represented by Levy and Knipp.

“This sale required a great amount of coordination between the Buyer and Seller. As advisors, we were able to address all of the moving parts with the Buyer and get them comfortable—ultimately meeting the Seller’s pricing expectations,” commented Knipp.

Baylor Scott & White Institute for Rehabilitation is located at 13000 Josey Ln in Farmers Branch, Texas. The medical center was built in 2018 and is 100% leased. The subject property is a part of significant commercial development located near the intersection of Josey Lane and Valley View Lane in Farmers Branch, 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.