MARCUS & MILLICHAP ARRANGES THE SALE OF
A 41,684-SQUARE FOOT INDUSTRIAL BUILDING
GREENVILLE, Texas, May 15, 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Martin Saddlery, a 41,684-square foot industrial property located in Greenville, Texas, according to Tim A. Speck, division manager in the firm’s Dallas office.
Adam Abushagur, senior vice president investments and Sam Martin, associate, had the exclusive listing to market the property on behalf of the seller, a private investor.
“We advised the seller on the benefits of a sale leaseback compared to a vacant sale, resulting in 18 total offers procured,” said Martin.
“Amidst COVID-19 market effects, we granted the buyer a four-week extension to source capital while simultaneously securing a $75,000 non-refundable deposit for the seller,” said Abushagur.
Martin Saddlery is located at 6120 Highway 66 in Greenville, Texas. The subject property is situated on 5.24 acres of land and was built in 1980 with an addition constructed in 2007.
# # #
About Marcus & Millichap (NYSE: MMI)
With over 2,000 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 9,726 transactions in 2019 with a value of approximately $50 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.