Horsham, PA, October 4th, 2023 – 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 Wild Fork, a 3,936 square-foot Net-Leased property located at 1536 Easton Road, Horsham PA, according to Sean Beuche, regional manager of the firm’s Philadelphia office. The asset sold for $2,220,000.
Mark Krantz and Derrick Dougherty, investment specialists in Marcus & Millichap’s Philadelphia office, had the opportunity to represent the buyer, a New Jersey based private investor. “It was a pleasure working with all parties involved in this transaction. Wild Fork is a new concept with plans to grow over the next few years,” said Mark Krantz.
“Wild Fork presented tremendous real estate fundamentals for our client with almost an acre of land and a brand-new corporate backed 15-year lease with rental increases every 5 years. In addition, this site offered an ideal investment opportunity for a passive investor as it has no landlord responsibilities,” said Mark Krantz.
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, 2021, the company had 1,994 investment sales and financing professionals in 82 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 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.
Comments