Press Releases
Marcus & Millichap Announces the Sale of 4825 Oakland Street, a 16,122-Square-Foot Industrial Building in Denver
July 16, 2024
DENVER, July 16, 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 4825 Oakland Street, a 16,122-square-foot industrial property located in Denver, Colorado. The asset sold for $1,000,000.
Alyssa Tomback, senior associate in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on behalf of the seller, a private investor.
4825 Oakland Street is located just off the Peoria Street exit from Interstate 70, the property is only a 20-minute drive from both downtown Denver and the Denver International Airport. This was an excellent value-add opportunity for the Buyers, as the subject property is positioned within Central East Interstate 70/Montbello, a mid-sized submarket in a desirable location containing 18.2 million square feet of industrial space.
Alyssa Tomback, senior associate in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on behalf of the seller, a private investor.
4825 Oakland Street is located just off the Peoria Street exit from Interstate 70, the property is only a 20-minute drive from both downtown Denver and the Denver International Airport. This was an excellent value-add opportunity for the Buyers, as the subject property is positioned within Central East Interstate 70/Montbello, a mid-sized submarket in a desirable location containing 18.2 million square feet of industrial space.
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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.
