Marcus & Millichap Sells Industrial Facility In Texas City

Marcus & Millichap announced the sale of a 36,500 sq ft industrial facility located at 101 North Highway 146 in Texas City. The property, situated on 3.47 acres of land, was sold as a lease-up opportunity to an investor. It boasts special features including three cranes and eight grade-level doors. The competitive price achieved for the property exceeded the asking amount by 9 percent, providing the seller with retirement financing.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Square Footage: 36,500
• Address: 101 North Highway 146
• Market: Texas City
• Acres: 3.47

The sale of the industrial facility at 101 North Highway 146 in Texas City was facilitated by Adam Abushagur and Max Lozmack of Marcus & Millichap. As representatives of the buyer and seller, they played a crucial role in negotiating the deal and ensuring a successful transaction.