Press Releases
Marcus & Millichap Arranges Sale of 24 Hour Fitness Property in Northwest Houston
March 31, 2026
HOUSTON, March 31, 2026 – 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 24 Hour Fitness, a 47,988-square-foot freestanding gym property in Houston, Texas.
“After more than eight months on the market, we remained disciplined and fully committed to the process, continuing to highlight the underlying strength of the real estate while exhausting all avenues,” said Scott Jones, associate investments. “That approach ultimately generated six offers, with the property’s location serving as the primary driver of value. We secured an experienced local buyer completing a 1031 exchange who recognized the asset’s long-term potential.”
Jones, Gus Lagos and Alex Wolansky, investment specialists in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a California-based investor, and procured the buyer, a local investor completing a 1031 exchange.
The property is situated on 5.5 acres at 7300 W. Greens Rd. in northwest Houston’s Willowbrook/Tomball corridor. Built in 1994 and renovated in 2018, the building is positioned along Tomball Parkway, which sees more than 148,000 vehicles per day. The property is located minutes from Willowbrook Mall and national retailers including Costco, Target and Best Buy.
“After more than eight months on the market, we remained disciplined and fully committed to the process, continuing to highlight the underlying strength of the real estate while exhausting all avenues,” said Scott Jones, associate investments. “That approach ultimately generated six offers, with the property’s location serving as the primary driver of value. We secured an experienced local buyer completing a 1031 exchange who recognized the asset’s long-term potential.”
Jones, Gus Lagos and Alex Wolansky, investment specialists in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a California-based investor, and procured the buyer, a local investor completing a 1031 exchange.
The property is situated on 5.5 acres at 7300 W. Greens Rd. in northwest Houston’s Willowbrook/Tomball corridor. Built in 1994 and renovated in 2018, the building is positioned along Tomball Parkway, which sees more than 148,000 vehicles per day. The property is located minutes from Willowbrook Mall and national retailers including Costco, Target and Best Buy.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
