Marcus & Millichap Arranges the Sale of a 26,400-Square Foot Industrial Building

TACOMA, WA, May 25, 2023 – 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 1918 Stewart Street, a 26,400-square foot industrial property located in Tacoma, WA, according to Joel Deis, regional manager of the firm’s Seattle office. The asset sold for $4,600,000.

Brian Leibsohn, Matthew Herman and RJ Vara, investment specialists in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

1918 Stewart Street is located at 1918 Stewart St in Tacoma, WA. The property generated six highly qualified offers and was executed in thirty days with financing. Earnest money went non-refundable upon Agreement at $205,000 above list price.

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About Marcus & Millichap, Inc. (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, 2023, the company had 1,783 investment sales and financing professionals in over 80 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.