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 Carroll Avenue Physicians Center, a 19,824-square foot office property located in Dallas, Texas, according to Tim A. Speck, division manager in the firm’s Dallas office.

Ron Hebert and Brent Kopycinski, investment specialists in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a private investor.

“We were able to facilitate a quick close to this transaction 53 days from announcement. Our marketing not only allowed for a quick closing, but also a high sales PSF for a 1955 property,” commented Hebert, “The seller was looking to put in 2020 taxes to free up capital, and the buyer was looking to buy medical in-fill property with 100% occupancy and a good history of occupation”.

Carroll Avenue Physicians Center is located at 1015 N Carroll Avenue in Dallas, Texas at the vibrant intersection of Gaston Avenue and Carroll Avenue, situated minutes from Baylor University Medical Center. The multi-tenant building is situated on 2.41 acres of land and features secured, gated, and fenced parking, and an on-site security system with cameras.

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.