Press Releases
Marcus & Millichap Arranges $6.65 Million Sale of Starbucks-Anchored Retail Strip in Chandler, Arizona
April 21, 2025
CHANDLER, Ariz., April 21, 2025 – 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 a three-suite retail strip property in Chandler, Arizona for $6.65 million.
“This was a rare opportunity to acquire a newly constructed property fully leased to corporate tenants in a high-income Phoenix suburb,” said Chris Lind, senior managing director.
Lind, Mark Ruble and Zack House, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller. Sean Lenchner procured the buyer. Both parties are Arizona limited liability companies.
Located at 1990 W. Germann Road, the fully leased property spans 1.65 acres and includes Starbucks, Pacific Dentistry and GoodVets as tenants. Positioned on a high-visibility corner with exposure to more than 39,000 vehicles per day, the asset is an outparcel to The Shops at Pecos Ranch and is supported by strong area demographics, including an average household income of over $140,900 and more than 248,000 residents within a five-mile radius.
“This was a rare opportunity to acquire a newly constructed property fully leased to corporate tenants in a high-income Phoenix suburb,” said Chris Lind, senior managing director.
Lind, Mark Ruble and Zack House, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller. Sean Lenchner procured the buyer. Both parties are Arizona limited liability companies.
Located at 1990 W. Germann Road, the fully leased property spans 1.65 acres and includes Starbucks, Pacific Dentistry and GoodVets as tenants. Positioned on a high-visibility corner with exposure to more than 39,000 vehicles per day, the asset is an outparcel to The Shops at Pecos Ranch and is supported by strong area demographics, including an average household income of over $140,900 and more than 248,000 residents within a five-mile radius.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
