Press Releases
Marcus & Millichap Facilitates the Sale of an 8,900-SF Freestanding Industrial Property in Oakdale, California
April 10, 2025
OAKDALE, Calif., April 10, 2025 – 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 an 8,900-square-foot freestanding industrial property located in Oakdale, California. The asset sold for $1,365,000.
“The buyer outgrew their current space and sold their building in order to relocate to a different market in a bigger building,” shared Matt Sulaiman, associate in Marcus & Millichap’s Sacramento office. “Oakdale itself is a low velocity market with slim inventory. It was a challenge finding a building, but we were able to put this deal together, even with multiple competing offers.” The buyer was procured by Matt, Abdullah Sulaiman, Russ Moroz, Christopher K. Drake and James Beeghly, investment specialists in the firm’s Sacramento office.
Built in 2000, the freestanding industrial property is located at 1015 Wakefield Drive in Oakdale, California. The property includes a large yard and is suited for a variety of industrial users, offering valuable outdoor space and functionality in a supply-constrained market.
“The buyer outgrew their current space and sold their building in order to relocate to a different market in a bigger building,” shared Matt Sulaiman, associate in Marcus & Millichap’s Sacramento office. “Oakdale itself is a low velocity market with slim inventory. It was a challenge finding a building, but we were able to put this deal together, even with multiple competing offers.” The buyer was procured by Matt, Abdullah Sulaiman, Russ Moroz, Christopher K. Drake and James Beeghly, investment specialists in the firm’s Sacramento office.
Built in 2000, the freestanding industrial property is located at 1015 Wakefield Drive in Oakdale, California. The property includes a large yard and is suited for a variety of industrial users, offering valuable outdoor space and functionality in a supply-constrained market.
# # #
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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
