Skip to main content

Press Releases

Marcus & Millichap Arranges the Sale of an Industrial Building in Lima, New York

October 31, 2022

LIMA, NY, October 31, 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 Bristol ID Technologies, a 33,000-square-foot industrial property located in Lima, New York, according to Joe Powers, regional manager of the firm’s Chicago Downtown office. The asset sold for $3,000,000.

Peter Doughty, Joseph Van Vuren, and Nicholas Kanich, investment specialists in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, a Michigan-based private investor. The buyer, a Connecticut-based private investor, was secured and represented by Doughty. John Horowitz, New York Broker of Record, assisted in closing this transaction.

Bristol ID Technologies is located at 1370 Rochester Street in Lima, New York.
“The acquisition of this asset provides the purchaser with long-term cash-flow and stability. It was a competitive process with the property ultimately trading above our asking price,” said Doughty.

 

#     #     #

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.

MM Texture Background