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Jack in the Box ground lease sold

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Jack in the Box is located at 250 N. Avondale Boulevard, Avondale. (Photo courtesy Marcus & Millichap)

The commercial real estate investment services firm Marcus & Millichap sold the Jack in the Box ground lease, a 2,650-square-foot net-leased property at 250 N. Avondale Boulevard, Avondale, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office.

It sold for $1.7 million. Jamie Medress, Mark Ruble and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

 
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