Marcus & Millichap Announces $6.8 Million Sale of Single-Tenant Industrial Portfolio
• Capital Signs & Awnings, an 88,675-square-foot property located in Bunkie, Louisiana
• T-Shirts.com, a 28,815-square-foot property located in Jonesboro, Arkansas
Ken Jacobsmeyer, an associate in Marcus & Millichap’s Baton Rouge office, represented the Washington, D.C. area-based buyer. The seller is a Nevada-based private equity group. Both properties are sale-leaseback transactions, and both have 25-year absolute net leases with 3-percent annual rent bumps. Anne Williams assisted in the transaction as Arkansas broker of record.
“The buyer is very happy to solidify a long-term investment with industry-leading tenants,” says Jacobsmeyer.
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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, 2022, the company had 1,904 investment sales and financing professionals in 81 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 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com.