Marcus & Millichap Arranges The Sale Of A 31,160-Square Foot Industrial Building

 

DALLAS, TX, February 9, 2021 – 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 2632 Chalk Hill Road, a 31,160-square foot industrial property located in Dallas, Texas, according to Tim A. Speck, division manager of the firm’s Dallas office.

Adam Abushagur, senior managing director investments and Tyler Ranft, associate, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was also procured by Abushagur and Ranft.

“Ultimately selling above asking price, we were able to secure 11 total offers and a 45-day timeframe from contract to closing,” said Ranft.

“By pricing the asset appropriately and getting ahead of objections common in the submarket, we secured a buyer within two weeks of listing the property,” said Abushagur.

2632 Chalk Hill Road is situated on 1.97 acres of land and was built in 1960.

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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 9,726 transactions in 2019 with a value of approximately $50 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.