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Marcus & Millichap : Arranges the Sale of a 75,000-Square-Foot Industrial Building In Neillsville, Wisconsin

PrR by PrR
2022-07-26
in Industrial
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Marcus & Millichap : Arranges the Sale of a 75,000-Square-Foot Industrial Building In Neillsville, Wisconsin
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Marcus & Millichap Arranges the Sale of a 75,000-Square-Foot Industrial Building In Neillsville, Wisconsin

July 26, 2022

NEILLSVILLE, Wisconsin, July 26, 2022 – 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 a Multi-Tenant Industrial Property, a 75,000-square-foot industrial property located in Neillsville, Wisconsin, according to Grant Fitzgerald, regional manager of the firm’s Columbus office. The asset sold for $3.3 million.

Joe J. Sparano, Dan Yozwiak and Darpan Patel, investment specialists in Marcus & Millichap’s Columbus and Tampa offices, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Todd Lindblom, Wisconsin Broker of Record, assisted in closing this transaction.

This Multi-Tenant Industrial Property is located at 1605 Industrial Park Drive in Neillsville, Wisconsin. The property is located on a large 7.15-acre site with space for future expansion and is fully occupied with long term occupancy from each tenant. The property had recent capital improvements such as new HVAC systems and fire suppression systems, making the location and space more desirable for both tenants and buyer. Joe Sparano, the lead agent on the deal said, “we were able to achieve top of market pricing through a national marketing campaign and quickly secured a qualified buyer who closed on time at contract price.”

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About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.

Disclaimer

Marcus & Millichap Inc. published this content on 26 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2022 18:59:02 UTC.

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All news about MARCUS & MILLICHAP, INC.

Sales 2022 1 491 M
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–
Net income 2022 158 M
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Net Debt 2022 –
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P/E ratio 2022 9,87x
Yield 2022 3,91%
Capitalization 1 492 M
1 492 M
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Capi. / Sales 2022 1,00x
Capi. / Sales 2023 0,88x
Nbr of Employees 801
Free-Float 96,6%

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Mean consensus SELL
Number of Analysts 1
Last Close Price 38,38 $
Average target price 30,00 $
Spread / Average Target -21,8%




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Tags: 75000SquareFootarrangesbuildingIndustrialMarcusMillichapNeillsvillesaleWisconsin
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