Marcus & Millichap Arranges The Sale Of A 10,600 SF Retail Property

9/12/17

Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Ponca City Plaza, a 10,600-square foot retail property located in Ponca City, OK, according to Kyle Palmer, Regional Manager of the firm’s Fort Worth office.

Chris Gainey, Senior Associate and Philip Levy, Senior Managing Director Investments in Marcus & Millichap’s Fort Worth office, had the exclusive listing to market the property on behalf of the seller, a private investor. Kyle Davis, Broker, assisted in closing this transaction.

Ponca City Plaza is located at 901 East Prospect Avenue in Ponca City, Oklahoma. The subject property is a 10,600-square foot multi-tenant retail center that is 100 percent occupied, and all leases are triple-net. National credit tenants occupy 100 percent of the gross leasable area, including Hibbett Sports, T-Mobile, Papa Murphy’s Pizza and GameStop. Constructed in 1999, the center is situated on 0.93 acres.

About Marcus & Millichap (NYSE: MMI)

With over 1,700 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2016 with a value of approximately $42.3 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit:  www.MarcusMillichap.com

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