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 Belt Line Crossing, a 13,290-square foot retail property located in Mesquite, Texas, according to Tim A. Speck, division manager in the firm’s Dallas office.

Philip Levy, an investment specialist 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.

“Despite the market disruption due to the Covid-19 Pandemic, we were able to leverage our Marcus & Millichap marketing platform to sell the center at pre-pandemic rates,” commented Levy.

Belt Line Crossing is located at 2030 N Belt Line Rd in Mesquite, Texas. The subject property is an 13,290-square foot, multi-tenant retail center located in a densely populated area. Belt Line Crossing is currently 84 percent occupied, providing upside potential to a future investor by leasing the vacant space. All current leases are triple-net leases.

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.