WAUWATOSA, WI, October 8, 2021 – 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 Dearbourn Townhomes, a 16-unit apartment complex located in Wauwatosa, WI, according to Todd E. Lindblom, regional manager of the firm’s Milwaukee office. The asset sold for $2,780,000.
Blake Hanlon and Mark S. Peltin, investment specialists in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Dearbourn Townhomes is located at 12135-12205-12215-12221 West Dearbourn Avenue. All four apartment buildings have brick and vinyl sided exteriors with dimensional shingle roof coverings. They were constructed in 1965. Each unit has 2 private entrances. A refrigerator, stove and microwave are included. Each unit features a gas-fired furnace, central air conditioning, 40 gallon gas-fired water heater, and laundry connection (in its private basement).
About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.