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Marcus & Millichap Arranges the Sale of a 15-Unit Apartment Building

April 29, 2022

MINNEAPOLIS, MN, April 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 Maple Grove Apartments, a 15-unit apartment property located in Minneapolis, Minnesota, according to Todd E. Lindblom, regional manager of the firm’s Minneapolis office. The asset sold for $1,375,000.

Abe Roberts and Michael Jacobs, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a limited liability company, was also secured and represented by Abe Roberts and Michael Jacobs.

Maple Grove Apartments is located at 214 4th St SE in Minneapolis, Minnesota. Consisting of five two-bed/one bath, two one-bed/one bath, two sleeping rooms and six studio units, this building was built in 1903. All but one of the units were occupied.

 

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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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