Marcus & Millichap : Arranges The Sale Of A 16,637-Square Foot Office Building
December 09, 2022 at 02:43 pm EST
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Marcus & Millichap Arranges The Sale Of A 16,637-Square Foot Office Building
December 09, 2022
WALTHAM, MA, December 9, 2022 -- 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 230 Second Ave, a 16,637-square foot office property located in Waltham, MA, according to Thomas Shihadeh, regional manager of the firm's Boston office. The asset sold for $3,400,000.
Harrison Klein and Luigi Lessa, investment specialists in Marcus & Millichap's Boston office, had the exclusive listing to market the property on behalf of the seller, a private investor. The Klein Group also secured the buyer, a private investor.
Agents Klein & Lessa comment, "Given the uncertainty in the market and distinct structure of the deal, it took a unique buyer to successfully close on the property. The buyer saw the opportunity to use their 1031 exchange proceeds to secure an extremely well-located asset."
230 Second Ave is located at in Waltham, MA.
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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 09 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 December 2022 19:42:02 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. 
