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Marcus & Millichap Announces $4.4M Sale of WSS Shoes Location in Mesa

January 06, 2025

MESA, Ariz., Jan. 6, 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 a net-leased WSS Shoes location in Mesa, Arizona. The property sold for $4,411,765. 

Mark Ruble, Chris Lind, and Zack House, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company, and procured the buyer, also a limited liability company.  

The property, located at 1960 S. Country Club Drive, benefits from visibility to more than 112,400 vehicles per day. WSS Shoes, a Los Angeles-based shoe retail chain, has eight years remaining on a 10-year corporate-guaranteed lease at the site. Built in 2023, the 1.54-acre property offers immediate access to the Superstition Freeway (US 60) and is surrounded by national retailers, including Costco and Walmart. 

 

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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.

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