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 a sixteen-unit, 15,000-square-foot multifamily complex. The property is located at 313 2nd Ave, Quantico, Virginia 22134.
“There were many factors at play that made this transaction a challenging one. However, through consistent communication and collaboration, we were able to work through the various challenges to navigate a smooth and successful transaction for both the buyer and seller,” says Nick Murray, senior associate.
This complex’s location is incredibly unique, sitting along the Potomac River, within the 59,000-acre Quantico Marine Corps base. This property also qualifies for low-income housing tax credits and is subject to rent and income restrictions.
Interestingly, the buyer of this property is an active army member who plans to lease it to other military personnel in the future. The seller, on the other hand, is a large non-profit organization that owns thousands of apartments across the country. The seller also financed this deal. Assisting Nick Murray on this deal was Marty Zupancic, Eric Jentoft-Herr, John Slowinski, and Ryan Murray.
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.
