Located in El Campo, Texas, a retail property at 1721 S Mechanic St recently changed hands in a closed transaction. The property spans an impressive 71,002 square feet and was sold for a total of $3,200,000. The deal was facilitated by brokers Sai Thakor and Jacob Luna from Marcus & Millichap. The purchase was made by Lucia Huang, who was looking to park their funds in the Texas market through a 1031 Exchange. The property was sold by Zaki and Saud Niazi.

Summary of transaction details

• Property Type: Retail
• Sale Price: $3,200,000
• Square Footage: 71,002
• Address: 1721 S Mechanic St, El Campo, Texas
• Market: El Campo
• Buyer: Lucia Huang
• Seller: Zaki & Saud Niazi
• Brokers: Sai Thakor & Jacob Luna - Marcus & Millichap

Marcus and Millichap is pleased to announce the closing of Chevron & Jack in The Box in El Campo, Texas. The successful transaction allowed the buyer to fulfill their 1031 Exchange requirement by utilizing the Texas market as a suitable investment destination.