Marcus & Millichap Arranges The Sale Of A 30,240-Square Foot Industrial Building

 

SAINT CHARLES, MO, February 9, 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 Missouri Valley Glass, a 30,240-square foot industrial property located in Saint Charles, Missouri, according to Tim A. Speck, division manager of the firm’s Dallas office.

Adam Abushagur, senior managing director investments and Tyler Sharp, 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, Sharp, and Bradley Barham.

“We procured 12 acceptable offers within two weeks after targeting out-of-market capital, ultimately driving up the value of the property through our extensive marketing efforts,” said Sharp.

“We were able to assist the seller in a sale leaseback transaction, helping them achieve their goal of selling the building to fund future growth,” said Abushagur.

Missouri Valley Glass Sale is located at 3080 Elm Point Industrial Drive in Saint Charles, Missouri.  The subject property is situated on 3.04 acres of land and was built in 1999.

#     #     #

 

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.