Press Releases
Marcus & Millichap Closes Minneapolis Apartment Asset Sale
March 14, 2024
MINNEAPOLIS Minn., March 14, 2024 – 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 1900-1904 1st Avenue S, a two building apartment community totaling fifty-two units in the City of Minneapolis, Minneapolis, according to Todd E. Lindblom, regional manager of the Minneapolis office.
Michael Jacobs, Senior Associate, and Abe Roberts, Senior Vice President Investments, in Marcus & Millichap’s Minneapolis office had the exclusive listing to market the property on behalf of the seller and procured the buyer.
Constructed in 1917 and 1919 and situated on a combined 0.32-acre lot, First Avenue Apartments offers over twenty thousand square feet of rentable space. Nestled in the picturesque Stevens Square neighborhood of Minneapolis, First Avenue Apartments consist of two neighboring apartment buildings that exude historic charm. This prime location also places a diverse range of entertainment and dining options just moments away, ensuring that residents can fully experience the lively cultural scene and culinary delights that Minneapolis has to offer.
Michael Jacobs, Senior Associate, and Abe Roberts, Senior Vice President Investments, in Marcus & Millichap’s Minneapolis office had the exclusive listing to market the property on behalf of the seller and procured the buyer.
Constructed in 1917 and 1919 and situated on a combined 0.32-acre lot, First Avenue Apartments offers over twenty thousand square feet of rentable space. Nestled in the picturesque Stevens Square neighborhood of Minneapolis, First Avenue Apartments consist of two neighboring apartment buildings that exude historic charm. This prime location also places a diverse range of entertainment and dining options just moments away, ensuring that residents can fully experience the lively cultural scene and culinary delights that Minneapolis has to offer.
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About Marcus & Millichap, Inc. (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, 2023, the company had 1,783 investment sales and financing professionals in over 80 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 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
