FORT WORTH, Texas, June 1, 2020 – 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 9000 Jacksboro Highway, a mobile office and over five acres of outside storage located in Fort Worth, Texas, according to Tim A. Speck, division manager in the firm’s Dallas office.
Adam Abushagur, senior vice president investments and Cliff Zimmerman, associate, had the exclusive listing to market the property on behalf of the seller, a private investor.
“We overcame a number of obstacles, such as the limitation of future development on site, by highlighting the core strengths of the property. In a down market or not, this property proved to have high upside for a long-term investor,” said Zimmerman.
“We proactively marketed to buyers looking to acquire the land as-is and ultimately sold to an all-cash local investor with hard money day one of escrow,” said Abushagur.
The subject property is situated on 5.11 acres of land.
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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.