Marcus & Millichap Inc. has facilitated the sale of a five-suite retail strip in the Austin, Texas metropolitan area. The 9,917-square-foot property, located at 1825 Crystal Falls Parkway in Leander, is fully occupied by a mix of retail, restaurant, and service-oriented tenants, including Verizon and ATI Physical Therapy. Built in 2018, the retail plaza is shadow-anchored by one of the top-performing Randalls grocers in the country and is surrounded by national retailers such as Starbucks and The UPS Store. The transaction was completed with a 1031 exchange investor from California, who closed within a 60-day contract-to-close period without any delays. Marcus & Millichap investment specialists represented both the seller and the buyer, both of whom are private investors.

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