Marcus & Millichap : Completes Multifamily Portfolio Sale Outside of Omaha
August 09, 2022 at 06:07 pm EDT
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Marcus & Millichap Completes Multifamily Portfolio Sale Outside of Omaha
August 09, 2022
OMAHA, Neb., Aug 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 Northridge and Flatwater, a 192 unit, two-property multifamily portfolio outside of Omaha, Nebraska. The properties traded for a combined $27.5 million or $143,604 per unit.
"The properties are 10 miles apart and represent a great opportunity for our buyer to acquire well-maintained assets just outside of densely populated Omaha," said Jason Hornik, first vice president investments, Marcus & Millichap. Hornik, Greg Parker and Kent Guerin represented the seller and procured the buyer. Broker of Record, Jon Ruzicka license #20200223, assisted in closing the transaction.
Built in 2000 and 2001, Northridge and Flatwater provide residents with a diverse mix of one-and two- bedroom options. The units have fireplaces, extra storage space, and in-unit washers/dryers.
"Strong neighboring demographics, including a population of over 60,000 people within a five-mile radius and average household income of $136,020, made for a compelling acquisition process," added Parker. "With convenient access throughout the city via U.S Route 6 and Nebraska Highway 370, residents are able to quickly commute into Omaha."
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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.
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Marcus & Millichap Inc. published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 22:01:19 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. 
