Marcus & Millichap Closes the Sale of Six Aaron’s Stores for $10 Million


Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a portfolio of six Aaron’s stores that incudes two properties in Colorado, two in Wyoming, and one each in Oregon and Utah. The sales price is $10,043,140.

“The experience we bring to the marketing, sale and leaseback of Aaron’s franchises stems from our thorough understanding of the Aaron’s brand,” says Barry Wolfe, senior vice president in Marcus & Millichap’s Fort Lauderdale office. “To date, we have assisted in the sale of more than 100 Aaron’s locations throughout the country. This assignment involved two separate portfolios. We assisted an Aarons’ franchisee with the sale-leaseback of five stores and facilitated the sale of one other location.”

Wolfe, and Alan Lipsky, associate, represented the seller and procured the buyer, an Arizona-based institutional investor. Blayne Lipman, associate in Fort Lauderdale, also provided representation. Marcus & Millichap’s broker of record in Colorado and Wyoming is Richard Bird, first vice president and district manager. In Oregon, Marcus & Millichap’s broker of record is regional manager Adam Lewis, and their broker of record in Utah is vice president and regional manager Gary Mangum.

About Marcus & Millichap (NYSE: MMI)

With over 1,700 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 nearly 9,000 transactions in 2016 with a value of approximately $42.3 billion. The company 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:

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