Marcus & Millichap Inc.

01/27/2025 | Press release | Distributed by Public on 01/28/2025 17:47

Marcus & Millichap Announces Sale of 34-Unit Apartment Property in Milwaukee

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Marcus & Millichap Announces Sale of 34-Unit Apartment Property in Milwaukee

January 27, 2025
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MILWAUKEE, Jan. 27, 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 Contessa Apartments, a 34-unit apartment property in Milwaukee, Wisconsin.

"This transaction illustrates the Whiteside Group's ability to deliver exceptional results in the Wisconsin multifamily market" said Matthew Whiteside, senior managing director investments. "The sale of Contessa Apartments underscores the expertise of our team which has facilitated the sale of more than 17,500 units over the past 25 years."

Whiteside, investment specialist in Marcus & Millichap's Milwaukee office, had the exclusive listing to market the property on behalf of the seller, Feldman Real Estate, and procured the buyer, a Milwaukee private investor.

Contessa Apartments, located at 730 N. 23rd St., features a mix of one- and two-bedroom units across 24,150 rentable square feet. Built in 1964, the property has undergone significant capital improvements in recent years. The asset occupies 0.31 acres in the Avenues West neighborhood, offering convenient access to Marquette University, as well as local dining and entertainment options.

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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.