15,000-SQUARE FOOT INDUSTRIAL BUILDING SOLD
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