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Marcus & Millichap announced today the sale of Villa Maria, an 11-unit apartment property located in Seattle, WA
August 07, 2025
SEATTLE, WA, August 7, 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 Villa Maria, an 11-unit apartment property located in Seattle, WA, according to Joel Deis, regional manager of the firm’s Seattle office. The asset sold for $2,115,000.
The buyer, a limited liability company, was secured and represented by Jake Morse, Ryan Dinius, and Sidney Warsinske, investment specialists in Marcus & Millichap’s Seattle office. “The seller's loan was called, putting them in a position where they needed to sell, and our client, the buyer, was able to perform and close the transaction. The listing was on the market for 12 months; our client was able to acquire the property at an attractive basis and add efficiencies of scale in a neighborhood they already own in,” said Jake Morse.
Villa Maria is located at 1146 N 91st St in Seattle, WA. Built in 1986, the property offers a great unit mix consisting of studio, one, and two-bedroom units averaging 738 square feet. The property was extensively renovated in 2010 and features a washer/dryer in the unit, with 100% occupancy.
The buyer, a limited liability company, was secured and represented by Jake Morse, Ryan Dinius, and Sidney Warsinske, investment specialists in Marcus & Millichap’s Seattle office. “The seller's loan was called, putting them in a position where they needed to sell, and our client, the buyer, was able to perform and close the transaction. The listing was on the market for 12 months; our client was able to acquire the property at an attractive basis and add efficiencies of scale in a neighborhood they already own in,” said Jake Morse.
Villa Maria is located at 1146 N 91st St in Seattle, WA. Built in 1986, the property offers a great unit mix consisting of studio, one, and two-bedroom units averaging 738 square feet. The property was extensively renovated in 2010 and features a washer/dryer in the unit, with 100% occupancy.
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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.
