Skip to main content

Press Releases

Marcus & Millichap Arranges the Sale of a 1,600-Square-Foot Net-Leased Property

May 09, 2022

CINCINNATI, OHIO, May 9, 2022 – 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 Swensons Drive-In sale-leaseback, a 1,600-square-foot net-leased property located in Cincinnati, Ohio, according to Grant Fitzgerald, regional manager of the firm’s Columbus office. The asset sold for $2,453,000.

Alex M. Frankel, Chris Lind and Mark Ruble, investment specialists in Marcus & Millichap’s Columbus and Phoenix offices, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Michael Glass, Ohio Broker of Record, assisted in closing this transaction.

Swensons Drive-In sale-leaseback is located at 491 Ohio Pike in Cincinnati, Ohio. “Swensons is a growing regional chain that is working their way towards becoming a national brand,” says Frankel. “With 15 years on the lease, the Buyer will see long term benefits of increased company revenue by the continued growth of the chain. The asset is well positioned for success in a strong Cincinnati market.”

 

#     #     #

About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.

MM Texture Background