Marcus & Millichap Arranges The Sale Of A 10,500-Square Foot Industrial Building
MARCUS & MILLICHAP ARRANGES THE SALE OF
A 10,500-SQUARE FOOT INDUSTRIAL BUILDING
CEDAR HILL, Texas, August 4, 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 Red Bull Distribution Company, Inc., a 10,500-square foot industrial property located in Cedar Hill, 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. The buyer, a private investor, was also procured by Abushagur and Martin.
“We sold the property for a repeat client, advising them on maximizing the value of the asset prior to the sale by creating a competitive bidding environment, resulting in multiple offers,” said Martin.
“We helped the seller acquire the building vacant, then add value by leasing the building and capitalizing on the highest return possible in a matter of 53 weeks,” said Abushagur.
Red Bull Distribution Company, Inc. is located at 1462 Freedom Way in Cedar Hill, Texas. The subject property is situated on 6.04 acres of land and was built in 1999.
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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.