Marcus & Millichap Brokers Sale of Industrial Property in Medley Florida

MEDLEY, Fla., July 29, 2024 - 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 45,025-square-foot industrial property in Medley, Florida.

"Even during a challenging high-interest-rate environment and lack of reasonably priced inventory, we are able to skillfully bridge the gap between buyers and sellers, even in desirable submarkets," says Michael Alaoui, vice president of investments in Marcus & Millichap's Miami office.

Michael Alaoui had the exclusive listing to market the property on behalf of the seller, Consulier Engineering, Inc and procured the buyer, a Florida-based private investor.

The industrial property, located at 7525 NW 74th Ave., features two tenants, ample parking, office space, and two loading docks.

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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, 2023, the company had 1,783 investment sales and financing professionals in over 80 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.