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 Kiddie Academy, a net-leased property located in Frisco, Texas, according to Tim A. Speck, division manager in the firm’s Dallas office.

Ron Hebert, Ryan Wolf 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 secured and represented by Wolf and Knipp.

“We were able to get the Seller the premium price that they wanted through our local reach and understanding of the Frisco market” Wolf commented. He added, “We were able to get the deal sold in a very rapidly changing environment that required strong coordination between buyer and seller. In the end we were able to achieve a record cap rate in relation to the lease of the term”.

Kiddie Academy is located at 3188 Legacy Dr in Frisco, 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.