ARVADA, Colo., July 11, 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 Priority Plastics, a single-tenant, 80,640-square foot industrial manufacturing facility located in Arvada, Colorado.

Alyssa Tomback, associate in Marcus & Millichap’s Denver office, had the exclusive opportunity to market the property on behalf of the seller, a private investor.

“Our team successfully navigated the challenge of deferred maintenance on the roof by negotiating seller credit,” continued Tomback, “The facility was acquired by a local investor seeking a newer property equipped with a rail spur and a strong tenant.”

Priority Plastics is located at 5861 Tennyson Street in Arvada, Colorado.  The subject property is situated on 5.29 acres and was built in 2000.

#     #     #

 

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.