Press Release brought to you by Marcus & Millichap

Marcus & Millichap Arranges the Sale of a 45,000 Square Foot Industrial Building

09/15/2015

HOUSTON, TX, September 11, 2015– 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 Canal Warehouse Collection, a 45,000 square foot industrial property located in Houston, according to David H. Luther, first vice president/regional manager of Marcus & Millichap’s Houston office. The asset had a list price of $1,750,000.

Derek Hargrove, a senior associate and Roland Keller, an associate in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Keller and Hargrove sourced an all cash 1031 buyer for the sale. The buyer plans to redevelop the asset. 

Canal Warehouse Collection is located at 3302 Canal Street in Houston.  

 

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About Marcus & Millichap (NYSE: MMI)

With nearly 1,500 investment 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 7,600 transactions in 2014 with a value of approximately $33.1 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

 

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09/11/2015 - 21:15

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Marcus & Millichap

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