Press Releases
Marcus & Millichap Brokers Sale of 17-Acre Retail Truck Stop in Greater Tyler Area
December 05, 2024
PALESTINE, Texas, Dec. 5, 2024 – 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 Cowboy Truck Stop 3, a retail truck stop located in Palestine, Texas.
"We encountered a few obstacles during the contract period,” says Ameer Adel, associate. “However, through diligent efforts and clear communication, we ensured alignment between the buyer and seller, resulting in a seamless transaction.”
Ameer Adel and Jacob Luna, investment specialists in Marcus & Millichap’s Fort Worth office, exclusively marketed the property on behalf of the seller and procured the buyer.
Located at 5138 S. U.S. Highway 79, Cowboy Truck Stop 3 sits on 17 acres and features a 5,440-square-foot building with seven multi-product dispensers and 14 fueling stations.
"We encountered a few obstacles during the contract period,” says Ameer Adel, associate. “However, through diligent efforts and clear communication, we ensured alignment between the buyer and seller, resulting in a seamless transaction.”
Ameer Adel and Jacob Luna, investment specialists in Marcus & Millichap’s Fort Worth office, exclusively marketed the property on behalf of the seller and procured the buyer.
Located at 5138 S. U.S. Highway 79, Cowboy Truck Stop 3 sits on 17 acres and features a 5,440-square-foot building with seven multi-product dispensers and 14 fueling stations.
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About Marcus & Millichap, Inc. (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, 2023, the company had 1,783 investment sales and financing professionals in over 80 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
