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 iKids Pediatric Dentistry, a 6,224-square foot net-leased property located in Waxahachie, 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 secured and represented by Philip Levy and Vincent Knipp.

“Despite the market disruption due to the Covid-19 pandemic, we were able to use our Marcus & Millichap platform to secure a 1031-exchange buyer to close escrow in 21 days,” commented Levy.

iKids Pediatric Dentistry is located at 2171 N Hwy 77 in Waxahachie, Texas. The subject property consists of a 6,224-square foot, freestanding iKids Pediatric Dentistry that sits on approximately 1.15 acres of land. There are approximately 8.8 years remaining on the current lease term.

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.