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Marcus & Millichap Arranges Sale of Vancouver Mixed-Use Portfolio

July 22, 2021

VANCOUVER, WA, July 22, 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 Felida Village, a 18,881-square foot mixed-use portfolio located in Vancouver, WA, according to Joel Deis, regional manager of the firm’s Portland and Seattle offices. The asset sold for $5,600,000.

Eric M. Garske and Nicholas Bushong, investment specialists in Marcus & Millichap’s Portland office, had the exclusive listing to market the property on behalf of the seller who developed the property. The buyer, also a developer, completed a 1031 tax deferred exchange out of apartments they built in Vancouver, WA to take advantage of this unique mixed-use opportunity.

Felida Village is located at 3600 NW 119th St in Vancouver, WA. Built in 2016, the property consists of 3 buildings on 3 tax lots that are comprised of 8 apartments and 7 commercial spaces.

 

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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.

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