MARCUS & MILLICHAP ARRANGES THE SALE OF A 15,000-SQUARE FOOT INDUSTRIAL BUILDING
DESOTO, TEXAS, August 11, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of United Lynn-Conn Corporation, a 15,000-square foot industrial property located in DeSoto, Texas, according to Tim A. Speck, first vice president / district manager of the firm’s Dallas office.

Adam Abushagur, associate in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, a private investor, was secured by Vincent Knipp, senior vice president investments and Ryan Wolf, senior associate in Marcus & Millichap’s Dallas office.
“Throughout the marketing process we were able to procure multiple full asking and above asking price offers,” Abushagur stated. “This speaks to the growing demand of long-term net-lease industrial assets in the DFW metroplex.”

United Lynn-Conn Corporation is located at 1308 South Hampton Road in DeSoto, a suburb of Dallas and is part of the “Best Southwest” area, which includes DeSoto, Cedar Hill,
Duncanville, and Lancaster. Much of the subject property remains undeveloped on both sides of
the building.

2017-08-11T19:53:33+00:00