The Knipp Wolf Net Lease Group of Marcus & Millichap Announces the Sale of a Chase Bank Ground Lease in McKinney, Texas

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a Chase Bank ground lease in McKinney, Texas according to Tim A. Speck, division manager in the firm’s Dallas office.

Vincent Knipp, Senior Managing Director Investments and Ryan Wolf, First Vice President Investments, in Marcus & Millichap’s Dallas office, represented a repeat client in the purchase.

“We knew we were in competition on this deal and, we moved fast. We put this deal together over the March Madness weekend and had a contract signed by Monday morning,” said Knipp.

This property features exceptional access and visibility, with a prime location on a major East/West thoroughfare in McKinney.

According to Knipp, “Located near the intersection of Interstate 75 and U.S. 380, this high-performing Chase Bank branch boasts exceptional real estate.”

Chase Bank is located at 1608 West University Drive in McKinney, Texas.