Marcus and Millichap, a commercial real estate investment services firm with offices throughout the U.S. and Canada, has announced the sale of Sherwin-Williams, a 4,400-square foot net-lease property in Gilbert, Arizona.
The asset sold for $2,615,000, Ryan Sarbinoff, regional manager of the firm’s Phoenix office, said in a release.
Chris Lind, Jamie Medress and Mark Ruble, investment specialists in Marcus and Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Sherwin-Williams was newly constructed in 2019 with a new 10-year corporate lease including 10% rental increases every five years. The property is at 663 W. Warner Road in Gilbert.
Go to MarcusMillichap.com.