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MARCUS & MILLICHAP, INC.

(MMI)
  Report
Delayed Nyse  -  04:00:02 2023-01-26 pm EST
38.25 USD   +0.53%
05:05pMarcus & Millichap : Brokers the Sale of Two-Unit Portfolio in Montgomery for $8.92 Million
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03:13pMarcus & Millichap : Brokers Sale of Wetumpka Storage
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02:33pMarcus & Millichap : Brokers the Sale of a Retail Property in Lakeland for $13.2 Million
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Marcus & Millichap : Arranges the Sale of a Net-Leased Property In Cicero, Illinois

10/25/2021 | 01:34pm EST
Cicero, Illinois, September 15, 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 Thorntons Truck Terminal and Gas Station Ground Lease, a 305,280-square-foot net-leased property located in Cicero, Illinois, according to Steven D. Weinstock, regional manager and first vice president of the firm's Chicago Oak Brook office. The asset sold for $4,805,000.

Austin Weisenbeck and Sean R. Sharko, senior vice presidents and investment specialists in Marcus & Millichap's Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a developer. The buyer, a Chicagoland-based private investor, was secured and represented by Weisenbeck, Sharko, and Adrian Mendoza, first vice president and investment specialist in Marcus & Millichap's Chicago Oak Brook office.

Thorntons Truck Terminal and Gas Station Ground Lease is located at 3737 South Cicero Avenue in Cicero, Illinois, less than a mile from Interstate 55. Constructed in 2019 on a rare seven-acre infill site, the property is located within an industrial hub adjacent to multiple truck driving schools and transportation businesses.

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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 25 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2021 17:33:07 UTC.


ę Publicnow 2021
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Analyst Recommendations on MARCUS & MILLICHAP, INC.
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Financials (USD)
Sales 2022 1 451 M - -
Net income 2022 130 M - -
Net Debt 2022 - - -
P/E ratio 2022 11,9x
Yield 2022 3,92%
Capitalization 1 505 M 1 505 M -
Capi. / Sales 2022 1,04x
Capi. / Sales 2023 0,96x
Nbr of Employees 801
Free-Float 96,6%
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Mean consensus SELL
Number of Analysts 1
Last Close Price 38,25 $
Average target price 26,00 $
Spread / Average Target -32,0%
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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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