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 Westbury Apartments, a 102-unit apartment community in Birmingham, Alabama.
“In addition to Westbury Apartments being among the largest apartment communities in the Ensley Heights submarket, its positioning near the site of the upcoming World Games and the city’s revitalization efforts in the area make it a very exciting asset,” says Caleb Frizzell.
Frizzell and Josh Jacobs, investment advisors in Marcus & Millichap’s Birmingham office, had the exclusive listing to market the property on behalf of the seller. The New York-based buyer was also secured by the team.
Westbury Apartments are located at 3225 Avenue S in Birmingham, Alabama, only a five-minute drive from downtown.
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, 2021, the company had 1,994 investment sales and financing professionals in 82 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 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.
