MARCUS & MILLICHAP ARRANGES THE SALE OF
A 49,250-SQUARE FOOT INDUSTRIAL BUILDING
DALLAS, TX, November 30, 2018 – 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 Military Office Warehouse, a 49,250-square foot industrial property located in Dallas, 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 limited liability company, was also secured by Abushagur.
“We assisted the seller in structuring a marketable lease agreement with a new tenant they had procured on their own for the 49,000 square-foot office/warehouse located off of Military Parkway. The deal offered the buyer above market yield with a new lease just recently executed prior to the open of escrow,” said Abushagur.
Military Office Warehouse is located at 5535 & 5555 Military Parkway in Dallas, Texas. The subject property is situated on 5.03 acres of land and was built in 1984.
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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