Press Releases
Marcus & Millichap Facilitates Sale of 9.5 Acre Self-Storage & Mixed-Use Development in Tennessee
January 06, 2025
MURFREESBORO, Tenn., Jan. 6, 2024 – 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 4542 Veterans Parkway, a 9.5-acre self-storage development property located in Murfreesboro, Tennessee.
“The site’s strategic location and tailored design addressed the buyer’s specific requirements while achieving the objectives of both parties through a thoughtfully structured transaction,” said Andrew Beeckman, senior associate. “It was a privilege to collaborate with both the buyer and seller to facilitate this transaction and ensure a successful closing.”
Beeckman, investment specialist in Marcus & Millichap’s Nashville office, had the exclusive listing to market the property on behalf of the seller, and procured the buyer.
The development site will include a Class A, institutional-grade climate-controlled storage facility spanning approximately 104,850 square feet. Plans also call for commercial and retail pads totaling approximately 49,700 gross square feet. The site is adjacent to an existing retail shopping center anchored by a Kroger grocery store in a growing area of Murfreesboro.
“The site’s strategic location and tailored design addressed the buyer’s specific requirements while achieving the objectives of both parties through a thoughtfully structured transaction,” said Andrew Beeckman, senior associate. “It was a privilege to collaborate with both the buyer and seller to facilitate this transaction and ensure a successful closing.”
Beeckman, investment specialist in Marcus & Millichap’s Nashville office, had the exclusive listing to market the property on behalf of the seller, and procured the buyer.
The development site will include a Class A, institutional-grade climate-controlled storage facility spanning approximately 104,850 square feet. Plans also call for commercial and retail pads totaling approximately 49,700 gross square feet. The site is adjacent to an existing retail shopping center anchored by a Kroger grocery store in a growing area of Murfreesboro.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
