Marcus & Millichap Sells Fully Leased Industrial Corporate Portfolio In Ohio And Michigan For $10.25M To WW Williams

Marcus & Millichap recently facilitated the sale of a fully leased Industrial Corporate Portfolio consisting of three properties located in Cleveland, Brunswick, Ohio, and Deerborn, Michigan. The portfolio was acquired by WW Williams in a sale-leaseback transaction for a total price of $10.25 million. The properties included in the portfolio are situated at 4545 Industrial Parkway, 4000-4100 Stecker Street, and 1176 Industrial Parkway North.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $10,250,000
• Market: Cleveland, Brunswick, Ohio & Deerborn, Michigan

Alex Frankel, Chris Lind, and Mark Ruble, representing Marcus & Millichap, played a pivotal role as brokers in facilitating this successful transaction. Their expertise in the industrial real estate market was instrumental in securing the deal between the seller and WW Williams.

This transaction represents a significant investment in the industrial sector, showcasing the strong demand for fully leased properties in strategic locations such as those included in the portfolio. It highlights the confidence of investors in the attractive returns generated by industrial assets and the potential for long-term growth in these markets.