MARCUS & MILLICHAP ARRANGES THE SALE OF A 2,500SF NNN KEY BANK LOCATION

DRESHER, PA, April 28, 2021 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales has announced the sale of KeyBank, a 2,500 square-foot net-leased property located in Dresher, PA. According to Sean Beuche, regional manager and broker of record of the firm’s Philadelphia office, the asset sold for $1,190,000.

Derrick Dougherty and Steve Garthwaite, investment specialists in Marcus & Millichap’s Philadelphia office, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, a limited liability company, was secured and represented by Derrick Dougherty, Steve Garthwaite, and Scott Woodard, investment specialists in Marcus & Millichap’s Philadelphia office.

KeyBank is located at 701 Twining Rd in Dresher, PA.This Key Bank location featured a Corporately Guaranteed Lease with over (5) Years Remaining on Term. The Strong Performing Bank Branch with Over $60 Million in deposits has a COVID Resistant Record with the Tenant staying open, operating, and paying rent. Key Bank Centralized is Just over one mile away from the Pennsylvania Turnpike I-276 and 15 miles from Center City Philadelphia. It sits on the signalized intersection of Twining Road and Limeklin Pike with Combined Average Traffic Counts exceeding 22,000 Vehicles Per Day. The property further benefits from a Dense and Stable Upper Middle-Class Demographics with an Average Household Income of $106K & and a Population of 255K Residents within a 5-Mile Trade Radius.

About Marcus & Millichap (NYSE: MMI)

With over 2,000 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 9,726 transactions in 2019 with a value of approximately $50 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.