Marcus & Millichap Arranges The Sale Of A 69,636-Square-Foot Industrial Asset
PHOENIX, AZ, June 23, 2025 — 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 Foundation Building Materials, LLC, a single-tenant, 69,636-Square-Foot industrial site located in Phoenix, AZ, according to Ryan Sarbinoff, regional manager of the firm’s Phoenix office.
Christian Desnoes, Director of Investments in Marcus & Millichap’s Los Angeles office, had the exclusive listing to market the property on behalf of the seller, a private family office based in Los Angeles. The buyer, an out-of-state investor, was also procured by Desnoes.
“We assisted the seller with the goal of disposing of the site to enable the investor to redeploy equity into other aspects of their business and personal as part of their long‑term investment strategy,” said Desnoes.
Foundation Building Materials, LLC is located at 2958 S 38th Street in Phoenix, AZ. The subject property resides in the highly sought‑after North Airport Submarket, an area known for its strong industrial fundamentals and low vacancy rates as of Q2 2025. Foundation Building Materials is a Leading North American Distributor of Drywall, Steel Framing, Acoustic Ceilings & Construction Supplies
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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, 2023, the company had 1,783 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
