Marcus & Millichap ARRANGES THE SALE OF
a 9,600-SQUARE FOOT INDUSTRIAL BUILDING
ROCKWALL, TX, January 29, 2019 – 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 Studio Fitness Rockwall, a 9,600-square foot industrial property located in Rockwall, Texas, according to Tim A. Speck, regional manager of the firm’s Dallas office.
Adam Abushagur, industrial specialist and first 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 private investor, was also secured by Adam Abushagur.
“With the low vacancy rate in Rockwall, there was a lot of interest from both users and investors, showcased through a 15-day escrow period,” said Abushagur.
Studio Fitness Rockwall is located at 356 Ranch Trail in Rockwall, Texas. The subject property consists of duplex industrial flex buildings situated on 1.36 acres of land and were built in 2004.
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