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 Starbucks, a 1,900-square foot net-leased property located in Stafford, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office.

Justin Miller, First Vice President Investments and Davis Hansen, Senior Associate in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a private investor. “Offerings like this are highly sought after and draw significant interest from a variety of investors across the country,” says Miller. “We ultimately selected an out of state buyer in a 1031 exchange,” added Hansen.

Starbucks is located at 3613 South Main Street in Stafford, Texas.

About Marcus & Millichap (NYSE: MMI)

With over 2,000 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 9,726 transactions in 2019 with a value of approximately $50 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.