MARCUS & MILLICHAP ARRANGES THE SALE OF A 10,000-SQUARE-FOOT NET-LEASED PROPERTY
BLACKLICK, OHIO, April 18, 2017 – 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 Sunbelt Rentals, a 10,000-square-foot, net-leased property located in Blacklick, Ohio, according to Craig R. Swanson, regional manager of the firm’s Austin office.
Sunbelt Rentals is a 10,000-square-foot facility sitting on 3.88 acres located just off of East Broad Street on North Reynoldsburg New Albany Road. The building was constructed as a build-to-suit for Sunbelt.
Sunbelt Rentals is one of the largest equipment rental companies in North America with over 550 locations. Sunbelt’s extensive fleet exceeds $5.0 billion and includes general construction equipment, industrial tools, pumps and power generation, and more.
David Houston, Patrick Doherty and Scott A. Ryan, investment specialists in Marcus & Millichap’s Austin office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, an out-of-state private partnership, was also secured by David Houston, Patrick Doherty and Scott A. Ryan. Michael Glass acted as the broker-of-record in closing this transaction.
David Houston, Patrick Doherty and Scott A. Ryan represent landlords nationwide in the sale of single-tenant, net-leased industrial properties. This focus has allowed the team to build a niche in single-tenant, net-leased assets resulting in over 30 successful transactions in 12 states since 2014.
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About Marcus & Millichap (NYSE: MMI)
With over 1,700 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 2016 with a value of approximately $42.3 billion. The company 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