Marcus & Millichap Brokers $4.5 Million Sale of Industrial Asset in Jacksonville Metro

JACKSONVILLE, Fla., Nov. 8, 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 multi-tenant industrial building in Green Cove Springs, Florida, for $4.5 million.

"This transaction represents another example of Marcus & Millichap's collaborative culture driving market-leading results for our clients," said Will Harding, associate. "Industrial real estate in Florida continues to be a sought-after asset class."

Harding, investment specialist in Marcus & Millichap's Jacksonville office, exclusively marketed the property on behalf of the seller, Precision Tek Partners. The buyer was procured by Marcus & Millichap's Edward F. Duke III, Peter Catanzaro and Gina Allegrini.

Built in 2005, the 51,000-square-foot industrial property at 3525 Enterprise Way is situated within the Harbor Road Industrial Park in Green Cove Springs, just off U.S. Route 17. The property spans 4.5 acres and includes seven dock doors and two drive-in doors.

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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.