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Marcus and Millichap Arranges the Sale of a 12-Unit Apartment Building
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(Posted on Dec 12, 2016 at 06:52PM by Michelle Bogle)
FOR IMMEDIATE RELEASE Â Â Â Â Â
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Contact: Rene H. Palsenbarg
Regional Manager, Vancouver
(604) 675-5200
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VANCOUVER, December 12, 2016 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout Canada and the United States, announced today the sale of the Huntley Lodge, a 12-unit apartment property located in Vancouver, according to Rene H. Palsenbarg, Regional Manager of the firm’s Vancouver office.
The asset sold for $6,435,000.
The asset sold for $6,435,000.
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Charlie Hughes, an investment specialist in Marcus & Millichap’s Vancouver office, had the exclusive listing to market the property on behalf of the seller, a private investor. Â
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The Huntley Lodge is located at 3050 Oak Street in Vancouver. The subject property consists of 9 large 1-bedroom units, 3 large 2-bedroom units, has 100% occupancy, a new roof, high-efficiency boiler, hardwood flooring and resides on the major transportation route of Oak Street. The property is near high fashion shops, potentially a new SkyTrain route, entertainment, parks and global cuisine.
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About Marcus & Millichap (NYSE: MMI)
With over 1,600 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 8,700 transactions in 2015 with a value of approximately $37.8 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.
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