ADDISON, TX January 24, 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 Trace Elements, a 16,576-square-foot flex property located in Addison, Texas, according to Tim A. Speck, division manager of the firm’s Dallas office.

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

“This property generated considerable interest, and within 20 days of being on the market, our team had facilitated nine offers,” commented Cagle.

“We were pleased to assist a local 1031 exchange investor seeking portfolio expansion, and ultimately, the transaction closed as a sale-leaseback within two percent of asking price,” said Abushagur.

Trace Elements, Inc is located at 4501 Sunbelt Drive in Addison, Texas. The subject property is situated on 0.92 acres of land and was built in 1979.

Trace Elements, Inc., is an Independent Testing Laboratory Specializing in Hair Tissue Mineral Analysis (HTMA) and Nutritional Products.

 

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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.