Business

Glendale Garcia’s restaurant sells for $3.4M

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A Garcia’s Mexican Restaurant in Glendale was sold for almost $3.4 million.

Commercial real estate brokerage firm Marcus & Millichap on Monday announced the sale of Garcia’s, at 5695 W. Bell Road, a 6,000-square-foot net-leased property, sold for $3,398,500.

Mark Ruble and Chris Lind, 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.

Built in 1994, the restaurant is situated along the dense Bell Road retail corridor down the road from Arrowhead Towne Center. The tenant owns and operates more than eight Garcia’s locations.

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