Marcus & Millichap : Brokers The Sale Of A 54,845-Square Foot Industrial Building in Auburn, MA
Marcus & Millichap Brokers The Sale Of A 54,845-Square Foot Industrial Building in Auburn, MA
June 21, 2022
Auburn, MA, June 21, 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 17 Saint Mark Street, a 54,845-square foot industrial property located in Auburn, MA, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $3,750,000.
Harrison Klein and Mark Lyman, investment specialists of The Klein Group in Marcus & Millichap’s Boston office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Lyman comments, “The sale of 17 Saint Mark St is a great outcome for both the buyer and seller. The property has a significant amount of deferred maintenance in which the buyer will take on and, in the process, turn the building into a modern light manufacturing/warehousing facility. The seller was able to achieve their desired price and dispose of the asset with a solid return.”
The site is located at 17 St Mark St in Auburn, MA.
# # #
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.
Marcus & Millichap Inc. published this content on 21 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2022 20:24:08 UTC.
Technical analysis trends MARCUS & MILLICHAP, INC.
|Short Term||Mid-Term||Long Term|
Income Statement Evolution
|Number of Analysts||1|
|Last Close Price||35,80 $|
|Average target price||40,00 $|
|Spread / Average Target||11,7%|