Marcus & Millichap ARRANGES THE SALE OF

a 145,375-square foot industrial building

 

ROCKWALL, TX, August 7, 2019 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Col-Met Engineered Finishing Solutions, a 145,375-square foot industrial property located in Rockwall, Texas, according to Tim A. Speck, division manager of the firm’s Dallas office.

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

“We received multiple competing offers through a best and final round of marketing due to the extremely low vacancy in the Rockwall submarket,” said Abushagur. “The sale leaseback allowed the seller to grow and increase their return on equity within the business operation,” he said.

Col-Met Engineered Finishing Solutions is located at 2975 Discovery Blvd in Rockwall, Texas.  The subject property is situated on 12 acres of land was built in 2015.

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About Marcus & Millichap (NYSE: MMI)
With nearly 2000 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 9,472 transactions in 2018 with a value of approximately $46.4 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
2019-08-07T16:52:38+00:00

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