News Release: Marcus & Millichap arranges the sale of a 14,527 square foot net-leased medical property

FOR IMMEDIATE RELEASE        

Contact: Richard A. Bird

First Vice President/District Manager, Denver

(303) 328-2000

The property is located at 3620 North Post Road in Indianapolis, and the tenant Biomat is a subsidiary of Grifols, a $12B+ international pharmaceutical company. (Photo courtesy of Marcus & Millichap)

The property is located at 3620 North Post Road in Indianapolis, and the tenant Biomat is a subsidiary of Grifols, a $12B+ international pharmaceutical company. (Photo courtesy of Marcus & Millichap)

INDIANAPOLIS, IN, February 1, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a 14,527-square foot net-leased plasma collection facility located in Indianapolis, Indiana. The asset sold for $3,180,000.

John R. Smelter, a Senior Director in Marcus & Millichap’s Healthcare Real Estate Group and Brian C. Smith, CCIM, an Associate Director in Marcus & Millichap’s Healthcare Real Estate Group, had the exclusive listing to market the property on behalf of the seller, a developer.  The buyer, a private investor, was procured by David O’Keefe and Steve “Bogie” Bogoyevac, investment specialists in Marcus & Millichap’s Long Beach office. Broker of Record, Josh Caruana assisted in closing the transaction.

The property is located at 3620 North Post Road in Indianapolis, and the tenant Biomat is a subsidiary of Grifols, a $12B+ international pharmaceutical company.

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About Marcus & Millichap (NYSE: MMI)

With over 1,600 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 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company 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

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