Press Releases
Marcus & Millichap Arranges Sale of 34-Unit Townhome Community in Grand Chute, Wisconsin
January 23, 2025
GRAND CHUTE, Wis., Jan. 23, 2025 – 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 Nicolet Townhomes, a 34-unit apartment property located in Grand Chute, Wisconsin.
“This was an excellent chance to acquire a well-maintained asset with both upside potential due to recent renovations and value-add possibilities,” said Matthew Whiteside, senior managing director investments. “The Whiteside Group was privileged to manage this transaction and ensure a mutually satisfying outcome for both parties.”
Whiteside, investment specialist in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller, Rhumbline Real Estate Partners, and procured the buyer, Koble Investments.
Located at 1410-1712 S. Nicolet Road, Nicolet Townhomes offers three- and four-bedroom units across 42,650 rentable square feet. Built in 1987 and recently renovated, the property comprises 17 buildings, each featuring two side-by-side townhome units with attached two-car garages. The community spans 4.32 acres near Interstate 41, just two miles from downtown Appleton.
“This was an excellent chance to acquire a well-maintained asset with both upside potential due to recent renovations and value-add possibilities,” said Matthew Whiteside, senior managing director investments. “The Whiteside Group was privileged to manage this transaction and ensure a mutually satisfying outcome for both parties.”
Whiteside, investment specialist in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller, Rhumbline Real Estate Partners, and procured the buyer, Koble Investments.
Located at 1410-1712 S. Nicolet Road, Nicolet Townhomes offers three- and four-bedroom units across 42,650 rentable square feet. Built in 1987 and recently renovated, the property comprises 17 buildings, each featuring two side-by-side townhome units with attached two-car garages. The community spans 4.32 acres near Interstate 41, just two miles from downtown Appleton.
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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, 2024, the company had 1,712 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
