Marcus & Millichap Inc.
09/15/2025 | Press release | Distributed by Public on 09/16/2025 11:52
Marcus & Millichap Arranges Sale of Net-Leased Bank of America Property in Humble, Texas
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Marcus & Millichap Arranges Sale of Net-Leased Bank of America Property in Humble, Texas
September 15, 2025
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HUMBLE, Texas, Sept. 11, 2025 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a net-leased Bank of America property in Humble, Texas.
"This transaction represented a rare opportunity to acquire a fee simple asset with an investment-grade tenant that has operated at the location for over two decades," said Chris Lind, senior managing director investments. "Most bank properties are ground leases, so investor demand is especially strong for depreciable assets with long-term leases and strong corporate guarantees."
Lind, Mark Ruble and Zack House, investment specialists in Marcus & Millichap's Phoenix and Dallas office, in association with Tim Speck, Marcus & Millichap's Texas broker of record, had the exclusive listing to market the property on behalf of the seller, a Texas limited liability company.
The property is situated on 1.22 acres at 9460 FM 1960. Built in 1998, it has been occupied by Bank of America for 26 years and was recently remodeled. More than nine years remain on the modified triple-net lease. The site is positioned within a growing trade area of the Houston MSA, with more than 115,000 residents living within a five-mile radius.
"This transaction represented a rare opportunity to acquire a fee simple asset with an investment-grade tenant that has operated at the location for over two decades," said Chris Lind, senior managing director investments. "Most bank properties are ground leases, so investor demand is especially strong for depreciable assets with long-term leases and strong corporate guarantees."
Lind, Mark Ruble and Zack House, investment specialists in Marcus & Millichap's Phoenix and Dallas office, in association with Tim Speck, Marcus & Millichap's Texas broker of record, had the exclusive listing to market the property on behalf of the seller, a Texas limited liability company.
The property is situated on 1.22 acres at 9460 FM 1960. Built in 1998, it has been occupied by Bank of America for 26 years and was recently remodeled. More than nine years remain on the modified triple-net lease. The site is positioned within a growing trade area of the Houston MSA, with more than 115,000 residents living within a five-mile radius.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on September 15, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on September 16, 2025 at 17:52 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]