Marcus & Millichap Arranges the Sale Of A 69,750-Square Foot Industrial Building
HUTCHINS, Texas, September 30, 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 Bocks Board Packaging, a 69,750-square foot industrial property located in Hutchins, 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 brought the property to market amidst COVID-19, overcame market challenges successfully, and secured multiple competitive offers,” said Martin.
“The $25,000 non-refundable deposit and nine total offers received demonstrate that there is still strong buyer demand during the COVID-19 pandemic,” said Abushagur.
Bocks Board Packaging is located at 1520 East Wintergreen Road in Hutchins, Texas. The subject property is situated on 11.87 acres of land and was built in 1986.
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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.