Marcus & Millichap : Arranges the sale of a Downtown Ventura Industrial Building
August 15, 2022 at 02:35 pm EDT
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Marcus & Millichap Arranges the sale of a Downtown Ventura Industrial Building
August 15, 2022
VENTURA, CA, August 15, 2022 - 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 209 N Olive, a 6,250-square foot industrial property located in Downtown District Ventura, CA. The asset sold for $1,460,000, which was $150,000 (11%) over list price in just 85 days from list to close.
Nolan Tooley, Investment Specialist in the Marcus & Millichap's Ventura office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust.
209 N Olive is located just off Main Street in Downtown Ventura, CA. The team sourced several offers and drove a competitive bidding process. The clients cash-flow improved significantly and the team was able to bring his assets closer to home through a successful execution of a 1031 Exchange.
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About Marcus & Millichap (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, 2021, the company had 1,994 investment sales and financing professionals in 82 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 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.
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Marcus & Millichap Inc. published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 18:33:56 UTC.
Marcus & Millichap, Inc. is a brokerage company. The Company is specialized in commercial real estate investment sales, financing services, research, and advisory services. The Company also offers market research, consulting, and advisory services to its clients. The Company offers services to its clients by underwriting, marketing, selling, and financing commercial real estate properties in a manner that maximizes value for sellers, provides buyers with a diverse inventory of commercial properties, and secures competitive financing from lenders for borrowers. The Company divides its commercial real estate into four market segments: properties, private client market, middle market, and larger transaction market. The Company serves clients with one property, multiple properties, and large investment portfolios. The Companyâs investment brokerage and financing professionals serve private clients within the private client market segment.
MARCUS & MILLICHAP, INC. 
