Marcus & Millichap Negotiates the Sale of a 6,300-SF Industrial Property

SAN DIEGO , December 21, 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 a 6,300-square-foot industrial property located in San Diego, California. The asset sold for $1,580,000.

“The sale generated multiple offers and the buyer plans to occupy the property as an owner/user for their restaurant business,” says Mark Antinucci, investment associate in Marcus & Millichap’s San Diego Del Mar office. Antinucci, Kent Williams, and Luis Ortega Flores, investment specialists in the firm’s San Diego Del Mar office, had the exclusive listing to market the property on behalf of the seller, Pizza Al Taglio LLC. The buyer, 1079 KNG LLC, was represented by Cam Lacey with Next Wave Commercial.

The property, located at 1079 West Morena Boulevard, is a unique industrial facility in the heart of San Diego, California. The first floor of the facility is fully refrigerated, and the second floor consists of office build-out, making the property best fit for food production and processing.

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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.