Marcus & Millichap Brokers Sale of 54,777 SF Industrial Flex Building in Aubrey, Texas

Marcus & Millichap recently facilitated the sale of a 54,777-square-foot industrial flex building in Aubrey, Texas, located within Denton County. The property, situated at 1518 Navo Road, was developed in 2022 on a 4.5-acre site and features 20 distinct suites. This transaction reflects ongoing investor demand for modern industrial and flex spaces, especially in expanding submarkets positioned north of the Dallas-Fort Worth metroplex.

The brokerage team of Cole Collins, Adam Abushagur, and Davis Cagle from Marcus & Millichap represented Preston Forrest Capital, the seller, and successfully procured Masina Investment Partners as the buyer. The acquisition of this relatively new, multi-tenant industrial asset indicates a healthy market for adaptable commercial properties capable of supporting diverse business operations. For developers, architects, and lenders, this deal highlights the continued value and appeal of well-located, recently constructed industrial flex buildings in suburban growth corridors, offering opportunities for various tenant types.