Marcus & Millichap Negotiates The Sale Of A 12,000-Square-Foot Industrial Building
DENVER, June 17, 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 520 East 56th Avenue, a single-tenant, 12,000-square-foot industrial property featuring 3,500 square feet of Class A office space located in Denver, Colorado.
Alyssa Tomback, an associate from TAG Industrial in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on behalf of the seller, a private investor.
“Our team overcame the challenge of marketing this shallow bay industrial property with a 29 percent office build-out,” continued Tomback, “The asset sold at 96 percent of the list price to a local sheet metal fabrication company seeking expansion in North Denver.”
520 East 56th Avenue is located in Denver, Colorado. The subject property is situated on 0.69 acres and was built in 1978 and updated in 2021.
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About Marcus & Millichap (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.