Marcus & Millichap : Arranges the Sale of a 18-Unit Apartment Building
January 31, 2023 at 02:34 am IST
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Marcus & Millichap Arranges the Sale of a 18-Unit Apartment Building
January 30, 2023
SILVERDALE, WA, January 30, 2023 - 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 Bay Breeze, a 18-unit apartment property located in Silverdale, WA, according to Joel Deis, regional manager of the firm's Seattle office. The asset sold for $3,765,000.
Zach Howe, an investment specialist in Marcus & Millichap's Seattle office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Zach Howe.
Bay Breeze is located at 8860 Pacific Ave NW in Silverdale, WA. The Property consists of 9 one-bed/one bath units, 8 two-bed/one bath units and 1 three-bed/two bath penthouse with an average unit size of approximately 825 square feet. The property was built in 1973/1976, is adjacent to Silverdale Waterfront Park, and has panoramic views of Dyes Inlet. It closed 97 percent of list price.
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About Marcus & Millichap (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, 2021, the company had 1,994 investment sales and financing professionals in 82 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 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on 30 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 January 2023 21:03:02 UTC.
Marcus & Millichap, Inc. is a brokerage company. The Company is specialized in commercial real estate investment sales, financing services, research, and advisory services. The Company also offers market research, consulting, and advisory services to its clients. The Company offers services to its clients by underwriting, marketing, selling, and financing commercial real estate properties in a manner that maximizes value for sellers, provides buyers with a diverse inventory of commercial properties, and secures competitive financing from lenders for borrowers. The Company divides its commercial real estate into four market segments: properties, private client market, middle market, and larger transaction market. The Company serves clients with one property, multiple properties, and large investment portfolios. The Companyâs investment brokerage and financing professionals serve private clients within the private client market segment.
MARCUS & MILLICHAP, INC. 
