GARDENDALE, Texas, September 23, 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 12030 East Highway 158, a 6,800-square foot industrial property located in Gardendale, Texas, according to Tim A. Speck, division manager in the firm’s Dallas office.
Adam Abushagur, senior vice president investments and Davis Cagle, 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 Cagle.
“We were able to assist the seller in generating an exit strategy and they have since listed additional portfolio properties with TAG Industrial,” said Cagle.
“With plenty of vacant properties in the submarket; we were able to generate interest and secure a qualified buyer amidst the oil market downturn,” said Abushagur.
12030 East Highway 158 is situated on 2.17 acres of land and was built in 2013.
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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.