LINDENHURST, NY—Marcus & Millichap Real Estate Investment Services announced the sale of 7-Eleven (New York Metro), a 2,964-sq.-ft. net leased property located in Lindenhurst, N.Y.
J.D. Parker, first vice president - regional manager of the firm’s Manhattan office, said in a statement that the asset commanded a sales price of $3 million. Preet Sabharwal, a senior associate, and Britt Raymond, an investment associate in Marcus & Millichap’s Manhattan office, had the exclusive listing to market the property on behalf of the seller, a private investor.The buyer, a private investor, was also secured and represented by Sabharwal and Raymond.
7-Eleven is located at 175 West Sunrise Highway in Lindenhurst, New York. “In this transaction, Marcus & Millichap was able to create a competitive market within a short period of time through relationships with key players in the market,” Sabharwal said in a statement.“As a result; we received a sale price offer after having the property on the market for 10 days.”