Marcus & Millichap Arranges The Sale Of A 26,321-Square Foot Industrial Building
OKLAHOMA CITY, October 11, 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 Midwest Drywall Company, a three-building, 26,321-square foot, industrial property located in Oklahoma City, Oklahoma, according to Tim A. Speck, division manager of the firm’s Dallas office.
Adam Abushagur, senior managing director investments, and Alyssa Tomback, associate, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private out-of-state investment group, was also procured by Abushagur and Tomback.
“Our team assisted the repeat buyer in efforts to diversify their portfolio, and in conjunction with this property, the buyer purchased 5585 Marion Street, a 10,000 square-foot Midwest Drywall building in Denver, both as sale-leasebacks,” commented Tomback.
“We successfully facilitated eight total offers and overcame the challenge of a dispute with neighboring property over property lines with the buyer agreeing to resurvey the land,” said Abushagur.
Midwest Drywall Company is located at 1813 Southeast 25th Street in Oklahoma City, Oklahoma. The subject property is situated on 5.14 acres of land and was built in 1966 and renovated in 2002. Midwest Drywall Company is a leading commercial wall and ceiling subcontractor.
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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 8,954 transactions in 2020 with a value of approximately $43 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.