Marcus & Millichap Arranges The Sale Of A 9,402-Square Foot Industrial Building
MARCUS & MILLICHAP ARRANGES THE SALE OF
A 9,402-SQUARE FOOT INDUSTRIAL BUILDING
DALLAS, TX, October 22, 2018 – 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 10222 North Stemmons Freeway, a 9,402-square foot flex property located in Dallas, Texas, according to Timothy A. Speck, regional manager of the firm’s Dallas office.
Adam Abushagur, industrial specialist and vice president investments in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was also secured by Adam Abushagur.
“The property was previously listed elsewhere for over six months. We were able to remarket the asset, highlighting the low vacancy submarket and high pro-forma cap rate to the right buyer,” said Abushagur.
10222 North Stemmons Freeway in Dallas, Texas is a mixed-use property situated on 1.64 acres of land and was built in 1997.
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About Marcus & Millichap (NYSE: MMI)
With over 1,800 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2017 with a value of approximately $42.2 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com