McDonald’s Property in Canoga Park Sells for $4 Million

The property beneath a McDonald’s restaurant under construction in Canoga Park has changed hands for more than $4 million, according to Calabasas real estate brokerage firm Marcus & Millichap Inc. Thomas Markovits bought the property for $4.12 million that will include a 3,700-square-foot eatery, which just started its 20-year lease. The agreement also includes eight future opportunities to extend the lease for another five years. Marcus & Millichap First Vice President Brandon Michaels negotiated the deal on behalf of an undisclosed seller.