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Marcus & Millichap Arranges The Sale Of A 10,000-Square Foot Industrial Building

September 07, 2021

DENVER, September 7, 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 Midwest Drywall Company, a 10,000-square foot industrial property located in Denver, Colo., according to Adam A. Lewis, regional manager of the firm’s Denver office.

Adam Abushagur, senior managing director investments, and Alyssa Tomback, associate, in Marcus & Millichap’s Dallas and Denver offices, respectively, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private out-of-state investor, was also secured and represented by Abushagur and Tomback.

Midwest Drywall Company is located at 5585 Marion Street in Denver, Colo. Tomback commented on the significance of the sale, “this is an out-of-state buyer that also purchased another Midwest Drywall building in conjunction with this one, both sale-leasebacks, the other location being 1813 Southeast 25th Street in Oklahoma City. This was an ideal setup for the seller since the business will remain in both locations, they preferred having one transaction for both properties and one landlord to work with going forward.”

“It was a pleasure to work with both buyer and seller to come to agreeable terms for both properties simultaneously,” said Abushagur.

Midwest Drywall Company is located at 5585 Marion Street in Denver, Colo. The subject property is situated on 1.32 acres of land and was built in 2001.

 

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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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