Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Logan’s Roadhouses, in Oxford, Ala., Huntsville, Ala. and West Monroe, La., wrapping up a 7-unit, $16.1 million portfolio sale, according to Tim A. Speck, division manager in the firm’s Dallas office.

Anthony Pucciarello and Vincent Knipp, investment specialists in Marcus & Millichap’s Dallas office, had the exclusive listing to market the portfolio on behalf of the seller, a special servicer.

“The seller was looking for a team that could expose the portfolio to the largest possible pool of real estate investors and deliver a premium sales price on each unit, as well as looking for experts that could help buyers understand and work through complicated leases,” stated Knipp. “Utilizing the Marcus & Millichap platform, we were able to provide the exposure the seller was looking for, and ultimately close the 7-unit portfolio spanning over 5 states,” Knipp added.

About Marcus & Millichap (NYSE: MMI)

With nearly 2000 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 9,472 transactions in 2018 with a value of approximately $46.4 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.