Press Releases
Marcus & Millichap Arranges The Sale Of A 63,500 Square Foot Industrial Park in Washington
August 08, 2024
OLYMPIA, WA, August 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 Arts Industrial Park, a 63,500-square foot industrial property located in Olympia, Washington. The asset sold for $4,800,000.
Matthew Herman and RJ Vara, investment specialists in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a partnership.
Arts Industrial Park is located at 6221 Rich Road SE in Olympia, Washington. The asset sold in an all-cash transaction to a value-add syndicator who will be spending approximately $1 million in renovations and improvements.
Matthew Herman and RJ Vara, investment specialists in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller, a partnership.
Arts Industrial Park is located at 6221 Rich Road SE in Olympia, Washington. The asset sold in an all-cash transaction to a value-add syndicator who will be spending approximately $1 million in renovations and improvements.
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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.
