Marcus & Millichap : Arranges The Sale Of A 53,158-Square Foot Net-Leased Property in North Haven, CT
August 23, 2021 at 01:14 pm EDT
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North Haven, CT, August 23, 2021-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 FedEx, a 53,158-square foot net-leased property located in North Haven, CT, according to John Krueger, regional manager of the firm's Manhattan office. The asset sold for $5,161,860.
Anthony D'Ambrosia, Cade N. Kearn and Glen D. Kunofsky, investment specialists in Marcus & Millichap's Manhattan office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.The buyer, a private investor, was secured and represented by Anthony D'Ambrosia, Cade N. Kearn, Glen D. Kunofsky and Josh Kanter, investment specialists in Marcus & Millichap's Manhattan office.
John Krueger, Regional Manager, Broker, assisted in closing this transaction. Cade comments, 'This was a portfolio transaction with five properties occupied by FedEx throughout the Northeastern Corridor and the defeasance of a conduit loan. There is overwhelming demand for single-tenant, credit industrial properties nationwide, and we continue to deliver for both sellers and buyers.'
FedEx is located at 347 State St in North Haven, CT. The properties obtained below market rents and are 100% occupied.
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About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry's most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.
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Marcus & Millichap Inc. published this content on 23 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2021 17:13:07 UTC.
Marcus & Millichap, Inc. is a brokerage company. The Company is specialized in commercial real estate investment sales, financing services, research, and advisory services. The Company also offers market research, consulting, and advisory services to its clients. The Company offers services to its clients by underwriting, marketing, selling, and financing commercial real estate properties in a manner that maximizes value for sellers, provides buyers with a diverse inventory of commercial properties, and secures competitive financing from lenders for borrowers. The Company divides its commercial real estate into four market segments: properties, private client market, middle market, and larger transaction market. The Company serves clients with one property, multiple properties, and large investment portfolios. The Companyâs investment brokerage and financing professionals serve private clients within the private client market segment.
MARCUS & MILLICHAP, INC. 
