Marcus & Millichap Arranges The Sale Of A 9-Unit Apartment Building in Washington

BELLINGHAM, WA, June 28, 2024 - 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 Bell View Apartments, a 9-unit apartment property located in Bellingham, Washington. The asset sold for $1,675,000.

Rich Day, Lucy Black, and Timothy Ufkes, investment specialists in Marcus & Millichap's Seattle office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a limited liability company, was secured and represented by Day Black and Ufkes.

Bell View Apartments is located at 1212 Nevada Street in Bellingham, Washington. The building has six two-bedroom units, and three one-bedroom units and is 100% occupied. Amenities include a laundry facility, patios, on-site parking, and close proximity to Whole Foods. The roof has been updated and most units have interior renovations. Built in 1980.

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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.