Marcus & Millichap Brokers $79 Million Orange County Multifamily Asset Sale
Marcus & Millichap, Inc. (MMI)
Last marcus & millichap, inc. earnings: 2/20 04:04 pm
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Source: Business Wire
ANAHEIM, Calif.--(BUSINESS WIRE)--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 Chateau de Ville, a 254-unit multifamily property in Anaheim, California. The asset was brought to market for the first time in over 50 years and traded for $79,076,710 or $311,326 per unit.“Orange County has been the tightest major rental market in California for the past three years, and this trend is projected to continue with a fourth straight year of rent growth,” said Tyler Leeson, executive managing director investments in Marcus & Millichap’s Orange County office. Leeson and Matt Kipp, Marcus & Millichap first vice president investments, represented the seller, a long-term partnership, and procured the buyer, a private investor. “As the only market in the nation to enter 2024 with Class A and Class B multifamily vacancy rates below 4%, we expect to see increa
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MMI
Sec Filings
- 3/22/24 - Form ARS
- 3/22/24 - Form DEFA14A
- 3/22/24 - Form DEF
- MMI's page on the SEC website