Press Releases
Marcus & Millichap Brokers $4.2M Sale of Industrial Outdoor Storage Property in La Vergne, Tennessee
February 26, 2025
LA VERGNE, Tenn., Feb. 26, 2025 – 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 H&E Rentals, a 14,225-square-foot industrial outdoor storage property located in La Vergne, Tennessee. The property sold for $4.2 million.
Dominic Sulo, investment specialist in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, and procured the buyer. Jody McKibben is the firm’s broker of record in Tennessee.
The property is on 9.13 acres at 1231 Bridgestone Parkway, just off Interstate 24. This strategic location allows the tenant to serve customers in South Nashville and the greater Murfreesboro area. H&E Equipment Services, one of the largest integrated equipment services companies in the country, has more than 160 branch locations nationwide. The property was built in 1994, and the tenant signed a new 10-year double-net lease in 2021.
Dominic Sulo, investment specialist in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, and procured the buyer. Jody McKibben is the firm’s broker of record in Tennessee.
The property is on 9.13 acres at 1231 Bridgestone Parkway, just off Interstate 24. This strategic location allows the tenant to serve customers in South Nashville and the greater Murfreesboro area. H&E Equipment Services, one of the largest integrated equipment services companies in the country, has more than 160 branch locations nationwide. The property was built in 1994, and the tenant signed a new 10-year double-net lease in 2021.
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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.
