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Marcus & Millichap Arranges The Sale Of A 36-Unit Apartment Building

November 10, 2022

KENNEWICK, WA, November 1, 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 Dolphin Apartments, a 36-unit apartment property located in Kennewick, WA, according to Joel Deis, regional manager of the firm’s Seattle office. The asset sold for $3,875,000.

Zach Howe, an investment specialist in Marcus & Millichap’s Seattle office, had the exclusive listing to market the property on behalf of the seller and also secured the buyer.

Dolphin Apartments is located at 9 N Waverly Pl in Kennewick, WA adjacent to the Zintel Creek Golf Course. The 36-units are all one-bedroom/one-bathroom layouts with amenities including air conditioning, private decks and fireplaces in select units. The property has a welcoming courtyard with a rose garden for tenants to enjoy. Prior to the sale, the seller completed significant improvements including resurfacing the parking lot, updating all electrical panels, and completely renovating two of the units.

 

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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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