Press Releases
Marcus & Millichap Facilitates Sale of Fully Occupied Industrial Property in Justin, Texas
October 08, 2026
JUSTIN, Texas, Oct. 8, 2026 — 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 22,900-square-foot multi-tenant industrial property. The property sold for 98% of the list price.
“Despite a growing pipeline of new flex development in Justin and the surrounding Alliance corridor, demand for functional small-bay industrial remains strong,” said Cole Collins, associate director investments. “The property was 100% occupied at the time of sale, highlighting continued tenant and investor demand for newer multi-tenant industrial product in the rapidly expanding North Fort Worth corridor.”
Collins, Adam Abushagur, Dave Knobler and Davis Cagle, investment specialists in Marcus & Millichap's Dallas and Houston offices, exclusively marketed the property on behalf of the seller, Marbel Properties, in the transaction. JaGee Holdings was the buyer.
Located at 17345 Gaffield Road, the property was built in 2023 and comprises five buildings totaling 22,900 square feet on 2.35 acres. The 16-suite shallow-bay industrial property features 32 grade-level doors and was fully occupied at the time of sale. The buyer has the opportunity to mark rents to market as existing short-term leases roll and convert gross leases to triple-net structures.
“Despite a growing pipeline of new flex development in Justin and the surrounding Alliance corridor, demand for functional small-bay industrial remains strong,” said Cole Collins, associate director investments. “The property was 100% occupied at the time of sale, highlighting continued tenant and investor demand for newer multi-tenant industrial product in the rapidly expanding North Fort Worth corridor.”
Collins, Adam Abushagur, Dave Knobler and Davis Cagle, investment specialists in Marcus & Millichap's Dallas and Houston offices, exclusively marketed the property on behalf of the seller, Marbel Properties, in the transaction. JaGee Holdings was the buyer.
Located at 17345 Gaffield Road, the property was built in 2023 and comprises five buildings totaling 22,900 square feet on 2.35 acres. The 16-suite shallow-bay industrial property features 32 grade-level doors and was fully occupied at the time of sale. The buyer has the opportunity to mark rents to market as existing short-term leases roll and convert gross leases to triple-net structures.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
