Press Releases
Marcus & Millichap Facilitates the Sale of a 13,440-SF Industrial Property with Excess Yard Space in Stockton, California
April 09, 2025
STOCKTON, Calif., April 9, 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 a 13,440-square-foot warehouse property with excess yard space located at 729 South Commerce Street in Stockton, California. The asset sold for $1,200,000.
“The seller decided to put their property on the market in order to close their business, move out of state and retire,” shared Matt Sulaiman, associate in Marcus & Millichap’s Sacramento office. Matt and Abdullah A. Sulaiman, investment specialists in the firm’s Sacramento office, had the exclusive listing to market the property on behalf of the seller. The buyer was also procured by Matt and Abdullah. Brandon Dena, senior director, capital markets in the firm’s Sacramento office, provided financing support for this transaction.
Constructed in 1973, the warehouse is located at 729 South Commerce Street in Stockton, California. The property features heavy power, a large yard, custom-built office space and convenient access to major freeways, making it an ideal site for owner-users within the Central Valley industrial market.
“The seller decided to put their property on the market in order to close their business, move out of state and retire,” shared Matt Sulaiman, associate in Marcus & Millichap’s Sacramento office. Matt and Abdullah A. Sulaiman, investment specialists in the firm’s Sacramento office, had the exclusive listing to market the property on behalf of the seller. The buyer was also procured by Matt and Abdullah. Brandon Dena, senior director, capital markets in the firm’s Sacramento office, provided financing support for this transaction.
Constructed in 1973, the warehouse is located at 729 South Commerce Street in Stockton, California. The property features heavy power, a large yard, custom-built office space and convenient access to major freeways, making it an ideal site for owner-users within the Central Valley industrial 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.
