Marcus & Millichap arranges sale of BMO Bank property in Glendale, Arizona
MMI•Marcus & Millichap arranged the sale between private investors of a 4,591-square-foot BMO Bank property in Glendale, Arizona; it received an accepted offer within four days of marketing.
1. Property sale
The 4,591-square-foot property at 5504 W. Bell Road has an absolute net lease with about 3.7 years remaining following a renewal and annual rent increases of 2%. Built in 2004, it occupies 1.22 acres at a signalized intersection and ranks second among BMO locations in Arizona for foot traffic.
