Marcus & Millichap Arranges The Sale Of A 20,000-Square-Foot Industrial Building

 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 Johnson Controls Building, a 20,000-square-foot industrial property located in Jupiter, Florida, according to Harrison E. Rein, regional manager of the firm’s Fort Lauderdale office. The asset sold for $5,400,000. 

“The sale of the Johnson Controls Building in Jupiter is indicative of the continued demand for high quality industrial assets, especially in high barrier-to-entry submarkets” said C. Todd Everett, first vice president investment. “Despite elevated interest rates, there is still plenty of in-migrating capital with little or no debt sensitivity.”

Todd Everett, an investment specialist in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor.

Johnson Controls Building is located at 1830 Park Ln S. The property is a single-tenant NNN leased, office/warehouse space, was constructed in 2004, renovated for the current tenant in 2008 and sits on approximately 1.89 Acres in the Jupiter Park of Commerce.  

About Marcus & Millichap, Inc. (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, 2022, the company had 1,904 investment sales and financing professionals in 81 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 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit