Marcus & Millichap Arranges The Sale Of A 15-Unit Apartment Building in Seattle

SEATTLE, WA, August 30, 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 De Luxe Apartments, a 15-unit apartment property located in Seattle, Washington. The asset sold for $3,300,000.

Jake Morse, Ryan Dinius and Sidney Warsinske, investment specialists in Marcus & Millichap's Seattle office, had the exclusive listing to market the property on behalf of the seller, an individual/personal trust. The buyer, a limited liability company was secured and represented by Morse, Dinius and Warsinske.

De Luxe Apartments is located at 1732 18th Ave in Seattle, Washington. The De Luxe consisted of thirteen one-bedroom/one-bath units and two two-bedroom/one-bath units averaging 692 square feet. The building was wood frame construction, had copper plumbing and an updated sprinkler system installed. The Dinius-Warsinske Group procured 34 tours, resulting in a competitive offer environment.

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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.