Marcus & Millichap Arranges The Sale of A 36,500 SF 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 101 North Highway 146, a single-tenant 36,500-square-foot industrial facility located in Texas City, Texas.

Adam Abushagur, senior managing director investments, and Max Lozmack, senior associate, had the exclusive listing to market the property on behalf of the seller, the former owner-user.

“TAG is happy to have created a competitive bidding environment, which helped our client liquidate their asset at 9 percent over asking to finance their retirement,” stated Lozmack.

“Given the special features of this manufacturing facility that include three cranes and eight grade-level doors,” continued Abushagur, “the property quickly sold to an investor as a lease-up opportunity.”

101 North Highway 146 is located in Texas City, Texas.  The subject property is situated on 3.47 acres of land and was built in 1972 and remodeled in 2022.

About Marcus & Millichap (NYSE: MMI) 

With over 2,000 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 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap 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.