Marcus & Millichap : Arranges the Sale of a 9,280-SF Net-Leased Property in Mesa, Arizona

MESA, Ariz., August 26, 2021 - 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 Cycle Gear, a 9,280-square-foot net-leased property located in Mesa, Arizona. According to Ryan Sarbinoff, regional manager of the firm's Phoenix office, the asset sold for $2,326,500.

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. Cycle Gear has a triple-net corporate lease with 11 years remaining on the term.

Situated in Country Club Plaza, Cycle Gear is located at 1040 South Country Club Drive in Mesa, Arizona. The roof of the building is newly updated with a 10-year warranty. The asset is easily accessible to 408,453 residents in the growing Mesa trade area, where households and population are projected to increase over four percent by 2025 in the immediate area. The long-term tenant, Cycle Gear, has been at the site for 21 years.

# # #

About Marcus & Millichap (NYSE: MMI)

With over 2,000 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 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap 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.