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Marcus & Millichap Closes a $15 Million Industrial Building

August 02, 2021

HILLSBORO, OR, August 2, 2021 – 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 Technapack Warehouse, a 101,500-square foot industrial property located in Hillsboro, OR, according to Joel Deis, regional manager of the firm’s Portland and Seattle offices. The asset sold for $15,000,000.

Nick Davino, investment specialist in Marcus & Millichap’s Portland office and Ben Tashakorian, investment specialist in the firm’s San Diego office, represented both the seller and buyer in this transaction. The buyer, a real estate investment trust (REIT) with offices nation-wide were determined to be the best buyer for this deal due to their proven track record and long-term relationship with Marcus & Millichap. 

Technapack Warehouse, located at 3550 NW 215th Ave in Hillsboro, OR is a 101,500 square foot warehouse situated on 5.95 acres of land. The asset features 30-foot clear height, seven docks, two grade level drive ins, heavy power and is oriented towards serving distribution needs. The building is currently leased to 3 ecommerce tenants with short-term leases. The property is conveniently located off Interstate 5 in the desirable Tanasbourne Commerce Center and is neighbored by Oracle, Nike, Stack Infrastructure, and Kaiser Permanente. 

 

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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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