SEATTLE, WA – 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 Bal-Crest, a 10-unit apartment property located in Seattle, WA, according to Joel Andrew Deis, regional manager of the firm’s Seattle office. The asset sold for $2,085,000.
Rich Day, 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, a longtime client.
Bal-Crest is located at 7515 24th Ave NW in Seattle, WA. The property consists of nine one bedroom units and one studio unit. The property was constructed in 1957 and several of the units have been renovated to varying degrees over the past decade.
About Marcus & Millichap (NYSE: MMI)
With over 2,000 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 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap 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.