MARCUS & MILLICHAP ARRANGES THE SALE OF
A 36,008-SQUARE FOOT INDUSTRIAL BUILDING

 

HURST, Texas, January 22, 2020 – 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 Delta Rigging & Tools, a 36,008-square foot industrial property located in Hurst, Texas, according to Tim A. Speck, division manager in the firm’s Dallas office.

Adam Abushagur, first vice president investments and Cliff Zimmerman, investment specialist 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 procured by Abushagur and Zimmerman.

“We were able to solve a last-minute lease objection with efficient communication to solidify an on-schedule closing,” said Zimmerman.

“With day-one hard money secured through a competitive environment, we were able to hedge against any re-trades on price,” said Abushagur.

Delta Rigging & Tools is located at 1149 West Hurst Boulevard in Hurst, Texas.  The subject property is situated on 3.01 acres and was renovated in 2006.

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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.