Marcus & Millichap : Arranges The Sale Of A 10,810-Square Foot Net-Leased Property
January 13, 2022 at 05:32 pm
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KANSAS CITY, MISSOURI, January 13, 2022 - 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 La Petite Academy, a 10,810-square foot net-leased property located in Kansas City, Missouri.
" The Marcus & Millichap team, and Blake Burnett specifically, went above and beyond to keep a deal together that could of easily gone sideways at least four separate times and with a complex Institutional Buyer" stated the seller. "Several unique, tricky issues arose and every time it looked like the deal would not close, some extra effort proved to be the difference."
Blake Burnett, First Vice President Investments in Marcus & Millichap's Dallas office, had the exclusive listing to market the property on behalf of the seller, a developer located in Arlington, Texas. The buyer, a Institutional REIT, was also secured by Blake Burnett. Bradley Barham, Broker, assisted in closing this transaction.
La Petite Academy is located at 9071 NE 81st Terrace in Kansas City, Missouri. The Tenant, La Petite Academy is owned and operated by the Learning Care Group based out of Novi, Michigan.
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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.
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Marcus & Millichap Inc. published this content on 13 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2022 22:31:01 UTC.
Marcus & Millichap, Inc. is a brokerage company. The Company is specialized in commercial real estate investment sales, financing services, research, and advisory services. The Company also offers market research, consulting, and advisory services to its clients. The Company offers services to its clients by underwriting, marketing, selling, and financing commercial real estate properties in a manner that maximizes value for sellers, provides buyers with a diverse inventory of commercial properties, and secures competitive financing from lenders for borrowers. The Company divides its commercial real estate into four market segments: properties, private client market, middle market, and larger transaction market. The Company serves clients with one property, multiple properties, and large investment portfolios. The Companyâs investment brokerage and financing professionals serve private clients within the private client market segment.
MARCUS & MILLICHAP, INC. 
