MARCUS & MILLICHAP, INC.

(MMI)
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Delayed Nyse  -  04:00 2022-08-12 pm EDT
40.80 USD   +2.00%
08/12MARCUS & MILLICHAP : Arranges the Sale of a 11,332-Square-Foot Retail Property in Zionsville, Indiana
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Marcus & Millichap : Brokers $19 Million Sale of Greenville Townhomes

06/29/2022 | 01:12pm EDT
Press Releases
Marcus & Millichap Brokers $19 Million Sale of Greenville Townhomes
June 29, 2022
GREENVILLE, S.C., June 29, 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 Marabella Townhouses, a 84-unit multifamily community located in Greenville, South Carolina. The asset sold for $19 million or $226,190 per unit.

"This property continued to perform well through its lease-up period, with rents increasing by 20 percent," says William Graves, senior associate in the firm's Charleston office. "This enabled us to bring in an out-of-state buyer with more aggressive pricing guidance."

Graves, in addition to Nate McDaniel and Ryan Lipomi, had the exclusive listing to market the property on behalf of the seller. The team also secured the out-of-state buyer.

Marabella Townhouses is located at 199 Marabella Circle in Greenville, South Carolina. Completed in 2022, its 84 units contain a combined 120,540 rentable square feet and sit on 6.80 acres of land.

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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.

Disclaimer

Marcus & Millichap Inc. published this content on 29 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2022 17:11:35 UTC.


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Financials (USD)
Sales 2022 1 491 M - -
Net income 2022 158 M - -
Net Debt 2022 - - -
P/E ratio 2022 10,5x
Yield 2022 3,68%
Capitalization 1 630 M 1 630 M -
Capi. / Sales 2022 1,09x
Capi. / Sales 2023 0,96x
Nbr of Employees 801
Free-Float 96,7%
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Number of Analysts 1
Last Close Price 40,80 $
Average target price 30,00 $
Spread / Average Target -26,5%
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Managers and Directors
Hessam Nadji President, Chief Executive Officer & Director
Steven F. Degennaro Chief Financial Officer & Executive Vice President
George M. Marcus Chairman
Ken Sayward Chief Information Officer & Vice President
Tyler Theobald Chief Compliance Officer, VP & General Counsel
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