Marcus & Millichap Inc.
11/06/2025 | Press release | Archived content
Marcus & Millichap Brokers $8.78M Sale of Dick’s Sporting Goods in Farmington, N.M.
Press Releases
Marcus & Millichap Brokers $8.78M Sale of Dick's Sporting Goods in Farmington, N.M.
November 06, 2025
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FARMINGTON, N.M., Nov. 6, 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 Dick's Sporting Goods property in Farmington, New Mexico, for $8,775,038.
"The property's high-traffic location, strong surrounding retail presence and recent lease renewal made it a standout opportunity," said Mark Ruble, executive managing director. "Its proximity to national brands and the tenant's ongoing commitment created a compelling investment profile."
Ruble, Chris Lind and Zack House, investment specialists in Marcus & Millichap's Phoenix office, in association with Ryan Sarbinoff, Marcus & Millichap's New Mexico broker of record, had the exclusive listing to market the property on behalf of the seller, an Arizona limited liability company, and procured the buyer, a Delaware limited liability company.
Built in 2015, the 45,358-square-foot property is located at 5050 E. Main St. along Farmington's primary commercial corridor. Dick's Sporting Goods recently renewed its lease for an additional five years. The 6.5-acre site is surrounded by national retailers including Target, Walmart, Sam's Club and Lowe's, and is less than a mile from Animas Valley Mall.
"The property's high-traffic location, strong surrounding retail presence and recent lease renewal made it a standout opportunity," said Mark Ruble, executive managing director. "Its proximity to national brands and the tenant's ongoing commitment created a compelling investment profile."
Ruble, Chris Lind and Zack House, investment specialists in Marcus & Millichap's Phoenix office, in association with Ryan Sarbinoff, Marcus & Millichap's New Mexico broker of record, had the exclusive listing to market the property on behalf of the seller, an Arizona limited liability company, and procured the buyer, a Delaware limited liability company.
Built in 2015, the 45,358-square-foot property is located at 5050 E. Main St. along Farmington's primary commercial corridor. Dick's Sporting Goods recently renewed its lease for an additional five years. The 6.5-acre site is surrounded by national retailers including Target, Walmart, Sam's Club and Lowe's, and is less than a mile from Animas Valley Mall.
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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 November 06, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 10, 2025 at 13:34 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]