Marcus & Millichap brokered the sale of a 20-townhome portfolio in New Richmond, Wisconsin, for $4.6 million.
Scott Anderson, a multifamily investment specialist in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, a Wisconsin-based investment group, and procured the buyer, a Wisconsin-based syndication.
The portfolio consists of 20 townhomes on Norway Pine Circle, near the up and coming neighborhood near the intersection of West Richmond Way and County Road A in New Richmond. Built in 2016, all units are three-bedroom, two-bathroom homes. The property is located in the growing City of New Richmond in St. Croix County, about 40 miles from Minneapolis–Saint Paul.
