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 5th Street Business Park, a 20,300-square foot industrial property located in Fulshear, Texas, according to Ford Noe, Regional Manager of the firm’s Houston office. The asset was listed for $2,500,000.

Michael Lea, an Associate in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was also secured by Michael Lea. 5th Street business parks’ historical performance record, combined with its location in one of the fastest growing submarkets in the Houston MSA, made it a very attractive acquisition, according to Lea.

5th Street Business Park is located at 30415 5th Street in Fulshear, Texas.

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 9,726 transactions in 2019 with a value of approximately $50 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.