Marcus & Millichap Inc.
05/21/2026 | Press release | Distributed by Public on 05/22/2026 14:49
Marcus & Millichap Arranges $4.5 Million Sale of Flex Industrial Property in Colorado Springs
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Marcus & Millichap Arranges $4.5 Million Sale of Flex Industrial Property in Colorado Springs
May 21, 2026
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COLORADO SPRINGS, Colo., May 21, 2026 - 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 3450 North Nevada Avenue, a 54,882-square-foot industrial/flex property for $4.5 million.
"Strong momentum continues across the northern Colorado Springs industrial market as investors are drawn to the area's expanding infrastructure, new development activity and attractive amenities," said Max Rist, associate director investments. "This transaction reflects growing investor confidence in the corridor and the opportunity to reposition well-located industrial assets to meet evolving tenant demand."
Rist and Brandon Kramer, investment specialists in Marcus & Millichap's Denver office, had the exclusive listing to market the property on behalf of the seller, a private partnership based in Colorado Springs. The buyer is a private investor group based in California and New York.
The property, situated on 2.88 acres, is located in the N. Nevada Avenue corridor in central Colorado Springs. Built in 1966, the industrial/flex asset is configured into two functional suites, allowing for single-user or multi-tenant occupancy. The buyer plans to substantially redevelop the property to better accommodate modern industrial tenant requirements.
"Strong momentum continues across the northern Colorado Springs industrial market as investors are drawn to the area's expanding infrastructure, new development activity and attractive amenities," said Max Rist, associate director investments. "This transaction reflects growing investor confidence in the corridor and the opportunity to reposition well-located industrial assets to meet evolving tenant demand."
Rist and Brandon Kramer, investment specialists in Marcus & Millichap's Denver office, had the exclusive listing to market the property on behalf of the seller, a private partnership based in Colorado Springs. The buyer is a private investor group based in California and New York.
The property, situated on 2.88 acres, is located in the N. Nevada Avenue corridor in central Colorado Springs. Built in 1966, the industrial/flex asset is configured into two functional suites, allowing for single-user or multi-tenant occupancy. The buyer plans to substantially redevelop the property to better accommodate modern industrial tenant requirements.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit https://www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on May 21, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 22, 2026 at 20:49 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]