Marcus & Millichap Arranges the Sale Of A 30,725-Square Foot Industrial Building
SWEETWATER, Texas, October 20, 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 2500 West Broadway Street, a 30,725-square foot industrial property located in Sweetwater, Texas, according to Tim A. Speck, division manager in the firm’s Dallas office.
Adam Abushagur, senior vice president investments and Davis Cagle, 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 Cagle.
“Compared to other western markets, lower business and operating costs in the Texas market appeal to owner-users, even amidst the COVID-19 market shakeup,” said Cagle.
“Many businesses are expanding rather than defaulting in the industrial sector, showing the strength of the U.S. industrial market,” said Abushagur.
2500 West Broadway Street is situated on 10 acres of land. The subject property was built in 1986 and renovated in 2006.
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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.