DENVER, January 20, 2022 – 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 4975 & 4995 North Jackson St., a two-building, 38,656-square foot industrial property located in Denver, Colorado, according to Adam A. Lewis, regional manager of the firm’s Denver office.

Adam Abushagur, senior managing director investments, and Alyssa Tomback, associate, in Marcus & Millichap’s Dallas and Denver offices, respectively, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a local private investor, was secured and represented by Abushagur and Tomback.

“We enjoyed assisting our seller in exchanging into a vacation investment property in Hawaii,” continued Tomback, “In addition, the transaction allowed the buyer to expand their market portfolio with these value-add assets.”

“Our team facilitated five offers, and the property sold within 98 percent of the asking price at a 5.2 percent cap rate,” said Abushagur.

4975 & 4995 North Jackson St. are located in Denver, Colorado. The subject properties were built in 1955.

 

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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.