Marcus & Millichap Inc., a leading commercial real estate brokerage firm, announced the successful sale of the Carmel Tech Center for $28 million. This transaction involved a three-building, 209,056-square-foot industrial flex portfolio located in Carmel, Indiana, a rapidly growing area within Hamilton County. The portfolio, featuring a blend of office and warehouse tenants, attracted significant interest with 23 offers and a final bidding round involving 11 investors. The center is strategically positioned with excellent transportation links and includes properties at Carmel Drive and Hancock Street, with notable tenants such as Vantiva and Stryker Orthopaedics. Despite a challenging capital markets environment, Marcus & Millichap successfully represented the seller, a national real estate investment firm, and secured a Midwest-based private investment company as the buyer.
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