Press Releases
Marcus & Millichap Arranges Sale of High-Traffic BMO Bank Property in Glendale, Arizona
November 05, 2026
GLENDALE, Ariz., Nov. 5, 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 a 4,591-square-foot net-leased BMO Bank property.
“The property had an accepted offer within four days of launch, even with less than five years remaining on the lease,” said Jonathan Neve, associate investments. “Its strong foot traffic and below-market rent helped generate aggressive pricing, while the buyer's existing BMO holdings in Arizona gave them firsthand confidence in the tenant and market.”
Neve, Vince Knipp and Ryan Wolf, investment specialists in Marcus & Millichap's Dallas office, in association with Ryan Sarbinoff, Marcus & Millichap's Arizona broker of record, exclusively marketed the property on behalf of the seller, a private investor. The buyer was also a private investor.
Located at 5504 W. Bell Road, the property was built in 2004 and sits on 1.22 acres at a signalized intersection. The property is subject to an absolute net lease, with about 3.7 years remaining following the tenant's recent exercise of a renewal option and annual rent increases of 2%. This branch ranks second among BMO locations in Arizona for foot traffic.
“The property had an accepted offer within four days of launch, even with less than five years remaining on the lease,” said Jonathan Neve, associate investments. “Its strong foot traffic and below-market rent helped generate aggressive pricing, while the buyer's existing BMO holdings in Arizona gave them firsthand confidence in the tenant and market.”
Neve, Vince Knipp and Ryan Wolf, investment specialists in Marcus & Millichap's Dallas office, in association with Ryan Sarbinoff, Marcus & Millichap's Arizona broker of record, exclusively marketed the property on behalf of the seller, a private investor. The buyer was also a private investor.
Located at 5504 W. Bell Road, the property was built in 2004 and sits on 1.22 acres at a signalized intersection. The property is subject to an absolute net lease, with about 3.7 years remaining following the tenant's recent exercise of a renewal option and annual rent increases of 2%. This branch ranks second among BMO locations in Arizona for foot traffic.
# # #
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.
