FOR IMMEDIATE RELEASE
Contact: Craig R. Swanson
Regional Manager, Austin
AUSTIN, TEXAS, February 24, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Golden Corral, a 14,039-square-foot net-leased property located at 12509 North Lamar Boulevard in Austin, Texas, according to Craig R. Swanson, regional manager of the firm’s Austin office.
Douglas Diffie and Bruce Bentley III, investment specialists in Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a private out of state 1031 investor, was secured and represented by The Mansour Group in Marcus & Millichap’s San Diego office.
Built in 2010, Golden Corral is a 14,039-square-foot prototype restaurant is situated on a large 2.80-acre parcel at one of the busiest intersections in North Austin.