Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a 235,616-square foot tract of land located in Arlington, Texas, according to Bill Jordan, Regional Manager of the firm’s Ft. Worth office.
Brandon Karr, a self-storage investment specialist in Marcus & Millichap’s Ft. Worth office, had the exclusive listing to market the property on behalf of the seller, a partnership. The buyer, a developer, was also secured by Brandon Karr.
The property is located at 1040 West Sublett Road. 1040 West Sublett Road is an approximately five and a half-acre tract of land located in Arlington, Texas. The property benefits from excellent visibility along one of the trade area’s primary residential and commercial thoroughfares, upon which 20,650-vehicles travel per day. The buyer intends to use the tract to develop an approximately 75,000-square foot self-storage facility.
About Marcus & Millichap
With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 5,085 transactions in 2011, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.