Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of 10425 Southwest Plaza Drive, a 22,800-square foot industrial property located in Houston, Texas, according to Ford Noe, Regional Manager of the firm’s The Woodlands office. The asset had a listing price of $2,200,200.

Thomas Costello, Senior Associate, and Michael Lea, Associate, in Marcus & Millichap’s The Woodlands office, had the exclusive listing to market the property on behalf of the seller, a private investor. “The property presented several attractive features for an end user: easy access to Southwest Freeway 59 and Sam Houston Tollway, 22,800 square feet of warehouse space with three phase power, ample covered parking, and approximately one acre of land to accommodate future growth,” said Lea.

The property is located at 10425 Southwest Plaza Drive in Houston, Texas.

About Marcus & Millichap (NYSE: MMI)

With over 1,800 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 over 9,000 transactions in 2017 with a value of approximately $42.2 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