Marcus & Millichap Real Estate Investment Services has retained the exclusive listing for Harbor Pointe, a 596-unit multi-family property in Milwaukee. The listing price of $29 million represents $49,916 per unit and $56 per square foot.
Scott Harris, a senior vice president of investments in the firm’s Oak Brook, Ill., office and Matthew Whiteside, a vice president of investments in Milwaukee, are representing the seller, a private investment group.
“Milwaukee is one of the strongest rental markets in the country with expected overall market occupancy of 96 percent this year,” says Harris. “This is an opportunity for an investor to acquire one of the largest multi-family properties in Wisconsin,”
The 531,186-square-foot property is located on Milwaukee’s north side, within walking distance of major retailers, restaurants and hotels.
