Marcus & Millichap Arranges $4.2M Sale of Assisted Living Property in Minnesota

JANESVILLE, Minn., Nov. 18, 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 BridgeWater of Janesville, an assisted living and memory care facility totaling 24 units. The property sold for $4.2 million. 

Ray Giannini, investment specialist in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller, and procured the buyer. Jon Ruzicka, Broker of Record in Minnesota, assisted in closing the transaction. 

BridgeWater of Janesville, located at 543 Oakwood Drive, is a 24-unit, 16,493-square-foot facility built in 2017 with luxury furnishings and state-of-the-art amenities. 

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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.