MARCUS & MILLICHAP ARRANGES THE SALE OF A 10,604-SQUARE-FOOT NET-LEASED PROPERTY
WICHITA FALLS, TEXAS, August 9, 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 United Rentals, a 10,604-square-foot, net-leased property located at 6230 Southwest Parkway in Wichita Falls, Texas, according to Craig R. Swanson, regional manager of the firm’s Austin office.
Built in 1985 on 3.69 acres, United Rentals has occupied the property since 1998 and has recently renewed their lease.
United Rentals is the largest construction equipment rental company in the world, with a store network nearly three times the size of any other provider, and locations in 49 states and 10 Canadian provinces.
Patrick Doherty, David Houston 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 individual/personal trust, was also secured Mr. Doherty, Mr. Houston and Mr. Ryan.
Patrick Doherty, David Houston, 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 35 successful transactions in 13 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