Marcus & Millichap: wholesale furniture and linens at a price of $6.1 million







PIGEON FORGE, Tenn., March 14, 2022 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today wholesale furniture and linens in Pigeon Forge, Tennessee, according to Jody McKibben, senior vice president and regional manager for Marcus & Millichap. The asset, including the property, business and its inventory, sold for $6,100,000.

“Finding the right buyer was the most important factor,” says Wendy Davis, an investment adviser based in Marcus & Millichap’s Knoxville office. “The seller would only sell the property if the buyer also purchased the business and inventory.”

Davis had the exclusive listing to market the property on behalf of the owner, in addition to securing the buyer, a partnership based in Asheville, North Carolina. The new owner plans to continue operating the business and lease the second building under a triple net lease.

“With high demand for warehouse space in Sevier County and this property being located just 1.5 miles from the boardwalk, the second building should be rented quickly,” Davis added.

Wholesale furniture and linens is located at 1215 Wears Valley Road in Pigeon Forge, Tennessee. The multimillion-dollar company supplies its products to hotels, lodges and restaurants in the tourist-heavy region. Sevier County welcomed more than 14 million visitors in 2021 and expects at least one million more in 2022, according to the county’s tourism website.

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About Marcus & Millichap (NYSE: MMI)

With nearly 2,000 investment sales and finance professionals across the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and services. -advice. Founded in 1971, the firm closed 13,255 deals in 2021 worth around $84 billion. Marcus & Millichap has developed a powerful property marketing system that combines investment specialization, local market expertise, the most comprehensive research in the industry, cutting-edge technology and relationships with the largest pool of investors. qualified. To learn more, please visit: www.MarcusMillichap.com.

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Marcus & Millichap Inc. published this content on March 14, 2022 and is solely responsible for the information contained therein. Distributed by publicunedited and unmodified, on March 14, 2022 5:33:09 PM UTC.

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2022 sales 1,183 million

2022 net income 125 million

Net debt 2022

PER 2022 ratio 14.6x
2022 return
Capitalization 1,798 million
1,798 million
capi. / Sales 2022 1.52x
EV / Sales 2023
# of employees 801
Floating 96.7%

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