MARCUS & MILLICHAP, INC.

(MMI)
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Delayed Nyse  -  04:00 2022-06-29 pm EDT
36.74 USD   +0.16%
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Marcus & Millichap : Arranges the Sale of Adventure Boat & RV Storage

01/21/2022 | 12:23pm EDT

INDIAN MOUND, TN, January 21, 2022 - 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 Adventure Boat & RV Storage, a 78,512-square foot facility located in Indian Mound, TN, according to Jody McKibben, first vice president and regional manager of the firm's Memphis office.

"The buyer is a first-time investor who comes from a family that developed, owned and operated facilities in the 1990s and early 2000s," says Anne Williams-Blackwell, first vice president investments with Marcus & Millichap. "This facility is new, in great shape, is 100% occupied and is a great facility for him to cut his teeth on."

Williams-Blackwell secured and represented the buyer, while the seller, a private investor, was represented by Trey Kirby of NAI Nashville.

Adventure Boat & RV is located at 2880 State Highway 79 in Indian Mound, Tennessee, less than 30 minutes from Clarksville. The facility features 136 units exclusively dedicated to boat and RV storage. Built in 2017 and expanded in 2018, the property still offers additional opportunities for expansion.

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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.

Disclaimer

Marcus & Millichap Inc. published this content on 21 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2022 17:22:04 UTC.


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Financials (USD)
Sales 2022 1 491 M - -
Net income 2022 158 M - -
Net Debt 2022 - - -
P/E ratio 2022 9,44x
Yield 2022 4,08%
Capitalization 1 428 M 1 428 M -
Capi. / Sales 2022 0,96x
Capi. / Sales 2023 0,84x
Nbr of Employees 801
Free-Float 96,6%
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Last Close Price 36,74 $
Average target price 30,00 $
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Managers and Directors
Hessam Nadji President, Chief Executive Officer & Director
Steven F. Degennaro Chief Financial Officer & Executive Vice President
George M. Marcus Chairman
Ken Sayward Chief Information Officer & Vice President
Tyler Theobald Chief Compliance Officer, VP & General Counsel
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