Marcus & Millichap Inc.
11/09/2026 | Press release | Distributed by Public on 11/09/2026 14:50
Marcus & Millichap Arranges $3.1 Million Sale of Industrial Outdoor Storage Property in Colorado Springs
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Marcus & Millichap Arranges $3.1 Million Sale of Industrial Outdoor Storage Property in Colorado Springs
November 09, 2026
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COLORADO SPRINGS, Colo., Nov. 9, 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 a 3.61-acre industrial outdoor storage property occupied by The CDL Schools for $3.1 million. The property attracted multiple offers and sold for 97% of its listing price.
"Low-coverage industrial outdoor storage sites are difficult to find in established commercial corridors, and this property offered investors a combination of usable land and an established tenant," said Cory Gross, managing director investments. "The CDL Schools took occupancy earlier this year and invested in approximately an acre of paved training space. That commitment, along with the site's location near North Powers Boulevard, helped generate competitive interest and ultimately an all-cash closing."
Gross, an investment specialist in Marcus & Millichap's Denver office, exclusively marketed the property on behalf of the seller, Conrad IOS LLC. The buyer was Tuffli Company.
Located at 777 Conrad St., near North Powers Boulevard and U.S. Highway 24, the property includes a 3,600-square-foot building constructed in 1998 on 3.61 acres. The CDL Schools, a commercial driver training operator, occupies the site under a five-year triple-net lease with a corporate guarantee and a five-year renewal option. The tenant began operating at the facility in early 2026.
"Low-coverage industrial outdoor storage sites are difficult to find in established commercial corridors, and this property offered investors a combination of usable land and an established tenant," said Cory Gross, managing director investments. "The CDL Schools took occupancy earlier this year and invested in approximately an acre of paved training space. That commitment, along with the site's location near North Powers Boulevard, helped generate competitive interest and ultimately an all-cash closing."
Gross, an investment specialist in Marcus & Millichap's Denver office, exclusively marketed the property on behalf of the seller, Conrad IOS LLC. The buyer was Tuffli Company.
Located at 777 Conrad St., near North Powers Boulevard and U.S. Highway 24, the property includes a 3,600-square-foot building constructed in 1998 on 3.61 acres. The CDL Schools, a commercial driver training operator, occupies the site under a five-year triple-net lease with a corporate guarantee and a five-year renewal option. The tenant began operating at the facility in early 2026.
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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 www.MarcusMillichap.com.
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