Marcus & Millichap Arranges the Sale of a 4,558 Square-Foot Net-Leased Property

Madera, Palo Alto, Commercial Real Estate, Marcus & Millichap

MADERA, Calif., July 2, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of IHOP Restaurant, a 4,558 square-foot net-leased property located in Madera, Calif., according to Steven J. Seligman, regional manager of the firm’s Palo Alto office. The asset sold for $2,495,000.

image007[1]Steve Sauter, an investment specialist in Marcus & Millichap’s Palo Alto office, had the exclusive listing to market the property on behalf of the seller, a private investor.

IHOP Restaurant is located at 2201 West Cleveland Avenue in Madera, California.  The property has been at the site since 1995 when the restaurant was originally constructed.

About Marcus & Millichap (NYSE: MMI)
With over 1,300 investment 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 over 6,600 transactions in 2013 with a value of approximately $24 billion. The company 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

West Coast Commercial Real Estate News