FOR IMMEDIATE RELEASE
Contact: J. Michael Watson
Vice President / Regional Manager, San Antonio
SAN ANTONIO, Texas, February 3, 2016 – 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 Marbach Business Center, a 33,175-square foot industrial property located in San Antonio, Texas, according to J. Michael Watson, regional manager of the firm’s San Antonio office.
Joshua D. Murphy and Jon Danklefs, investment specialists in Marcus & Millichap’s San Antonio office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a private investor, was secured by Jon Danklefs.
Marbach Business Center is located at 9207 Marbach Road in a growing corridor of western San Antonio. Built in 2006, the facility is comprised of three buildings with stucco exteriors, garage-style roll-up doors and asphalt drives. There are 22 total units which range in size from approximately 559 to 1,602 square feet.
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About Marcus & Millichap (NYSE: MMI)
With over 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