GRAND PRAIRIE, TEXAS, October 26, 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 Flowers Baking Company, a 14,001-square-foot single-tenant, flex property located in Grand Prairie, Texas, according to Tim A. Speck, division manager of the firm’s Dallas office.

Adam Abushagur, senior managing director investments, and Tyler Ranft, associate, had the exclusive listing to market the property on behalf of the seller, a private investor.

“The TAG team facilitated seven total offers as this property generated interest from both in-market and out-of-market investors,” said Ranft.

“We successfully assisted the seller, a private industrial developer, in unlocking equity to repay borrowed capital used to finance the development of other properties,” said Abushagur.

Flowers Baking Company is located at 180 West Pioneer Parkway in Grand Prairie, Texas.  The subject property is situated on 2.38 acres of land and was built in 2002.

 

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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.