Marcus & Millichap Arranges the Sale of a 42,392-Square-Foot Industrial Building in Denver

DENVER, CO, May 28, 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 1955 South Quince Street, a 42,392-square foot industrial property located in Denver, CO, according to Adam A. Lewis, regional manager of the firm’s Denver office—the asset sold for $7,750,000.

Alyssa Tomback and Thimy Moraitis, investment specialists in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was secured and also represented by Adam Abushagur, Alyssa Tomback, and Thimy Moraitis.  

This property, 1955 South Quince St, is a long-term, single-tenant industrial asset occupied by a cannabis cultivation operator. Strategically located with convenient access to Interstates 25 and 225, the property offers excellent connectivity to both Downtown Denver and Denver International Airport. The ownership group was seeking to divest their interest in the asset and unwind a private partnership. “Leveraging the national Marcus & Millichap platform, we successfully sourced a private investor based in Texas who was actively targeting high-yield industrial opportunities. Through close collaboration with Marcus & Millichap Capital Corporation (MMCC), we were able to secure favorable financing terms for the buyer. Dean Giannakopoulos of MMCC’s Chicago office arranged the financing package,” said Thimy Moraitis.

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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.