Marcus & Millichap Arranges The Sale Of A 10,060-Square Foot Industrial Building
DALLAS, Texas, January 12, 2021 – 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 2031 Quincy Street, a 10,060-square foot industrial property located in Dallas, Texas, according to Tim A. Speck, division manager in the firm’s Dallas office.
Adam Abushagur, senior vice president investments and Tyler Ranft, 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 Ranft.
“Due to consistent communication with both the buyer and seller, we were able to complete two separate transactions within the same timeframe and close on both before the end of the year,” said Ranft.
“We secured a repeat buyer for ease of close, with the purchase of the subject asset contingent upon the purchase of an additional property,” said Abushagur.
2031 Quincy Street is situated on 1.02 acres of land and was built in 1969.
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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.