Marcus & Millichap Arranges The Sale Of A 23,792-Square Foot Industrial Building

ARLINGTON, TX, January 3, 2019 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Trinity Station Office Park, a 23,792-square foot industrial property located in Arlington, Texas, according to Tim A. Speck, regional manager of the firm’s Dallas office.

Adam Abushagur, industrial specialist and vice president investments in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was also secured by Adam Abushagur.

“The subject property yielded above average activity in the open market due to the ability of the buyer to increase value of the asset through lease up of four vacancies,” said Abushagur.

Trinity Station Office Park is located at 801 Station Drive in Arlington, Texas.  The subject property consists of two office/warehouse buildings situated on 2.11 acres of land and were built in 2006.

#     #     #

 

About Marcus & Millichap (NYSE: MMI)
With over 1,800 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 over 9,000 transactions in 2017 with a value of approximately $42.2 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