Marcus & Millichap Arranges The Sale Of A 15,000-Square-Foot Industrial Building
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)
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, 2021, the company had 1,994 investment sales and financing professionals in 82 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 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.