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Marcus & Millichap Arranges the Sale of a 20-Unit Apartment Building in Portland, OR

October 19, 2021

PORTLAND, OR, October 19, 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 Queen Marie, a 20-unit apartment property located in Portland, OR, according to Joel Deis, regional manager of the firm’s Portland and Seattle offices. The asset sold for $3,560,000. Queen Marie is located at 1210 SE 20th Ave in Portland, OR in the Buckman neighborhood, just two miles from Downtown Portland.

Whitney Rhoades, an investment specialist in Marcus & Millichap’s Portland office, had the exclusive listing to market the property on behalf of the seller and secured the buyer, a California investor. Marcus & Millichap's national platform was able to generate multiple offers and create a competitive bidding environment to ensure the property generated the best combination of pricing and terms that the market would bear.

 

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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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