Marcus & Millichap closed the sale of a 66-unit multifamily portfolio in Platteville, Wisconsin, for $5.05 million. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, secured the financing.
Blake Hanlon and Mark Peltin, senior director investments, in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller. They procured the buyer, a group of investors from out of state. Michael Hughes, managing director of the firm’s Milwaukee office, secured the financing.
The portfolio includes a mix of studio, one-, two-, three- and four-bedroom units across a combined 3.42 acres. All buildings are located within five minutes of each other and near the University of Wisconsin-Platteville.
