Marcus & Millichap : Arranges The Sale Of A 15,000-Square-Foot Industrial Building
January 19, 2022 at 01:40 am IST
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DUNCANVILLE, TX, January 18, 2022 - 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 1414 North Main Street, a fully leased, multi-tenant, 15,000-square-foot industrial property located in Duncanville, Texas, according to Tim A. Speck, division manager of the firm's Dallas office.
Adam Abushagur, senior managing director investments, and Tyler Ranft, associate, had the exclusive listing to market the property on behalf of the seller, a private investor.
"This is an exciting opportunity for both parties. The seller capitalized on leases in place and the demand in the marketplace," continued Ranft, "The Buyer looks forward to increasing cash flow and expanding his portfolio in Multi-Tenant, Shallow-Bay Industrial."
"By highlighting the property's value-add opportunity, our team facilitated seven offers, and the property sold at nine percent over asking within two weeks of hitting the market," said Abushagur.
1414 North Main Street is located in Duncanville, Texas. The subject property is situated on 0.75 acres of land and was built in 1987.
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About Marcus & Millichap (NYSE: MMI)
With over 2,000 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 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap 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: www.MarcusMillichap.com.
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Marcus & Millichap Inc. published this content on 18 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2022 20:09:01 UTC.
Marcus & Millichap, Inc. is a brokerage company. The Company is specialized in commercial real estate investment sales, financing services, research, and advisory services. The Company also offers market research, consulting, and advisory services to its clients. The Company offers services to its clients by underwriting, marketing, selling, and financing commercial real estate properties in a manner that maximizes value for sellers, provides buyers with a diverse inventory of commercial properties, and secures competitive financing from lenders for borrowers. The Company divides its commercial real estate into four market segments: properties, private client market, middle market, and larger transaction market. The Company serves clients with one property, multiple properties, and large investment portfolios. The Companyâs investment brokerage and financing professionals serve private clients within the private client market segment.