FAIRFIELD, CA, October 8, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of, a 8,996-square foot Net Leased property located at 1545 Holiday Lane in Fairfield, CA in an Excellent Trade Area – Across From Westfield Mall and adjacent to I-80 with Traffic Counts of 169,000+ VPD.
The property is leased on a long term lease to Beverages & More (BevMo!) among the leading alcoholic beverage specialty retailers in the United State, currently with110 stores.
According to Jeffrey M. Mishkin, FVP/Regional Manager of the firm’s San Francisco office, the property commanded a sales price of $3,150,000.
The buyer, a private investor, was secured and represented by Jacob Levy a FVP and a leading investment specialist of Marcus & Millichap working out of the San Francisco office.
With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 5,085 transactions in 2011, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.