MARCUS & MILLICHAP ARRANGES THE SALE OF
A 7,596-SQUARE FOOT INDUSTRIAL BUILDING

 

ARLINGTON, TX, September 20, 2019 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of 1014 Oakmead Drive, a 7,596-square foot industrial property located in Arlington, Texas, according to Tim A. Speck, division manager of the firm’s Dallas office.

Adam Abushagur, first vice president investments, and Cliff Zimmerman, associate, 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 Abushagur and Zimmerman.

“We were able to coordinate a short-term sale-leaseback that benefited both parties and resulted in a quick close,” said Zimmerman.

“This was our third transaction with a repeat buyer this year,” said Abushagur. “It was an all cash closing in less than 30 days,” he said.

The asset, located at 1014 Oakmead Drive, is situated on 0.49 acres of land and was built in 1982.

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About Marcus & Millichap (NYSE: MMI)

With nearly 2000 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 9,472 transactions in 2018 with a value of approximately $46.4 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