Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Parkside Court Apartments in Framingham, Massachusetts. The asset sold for $6,200,000.
“Framingham’s Golden Triangle, a prime real estate location for an investor pursuing strategic growth, blends commerce, community and education,” said Evan Griffith, senior vice president investments.
Evan Griffith, Tony Pepdjonovic, and Jeremy Buckley of Marcus & Millichap’s Griffith Pepdjonovic Group had the exclusive listing to market the property on behalf of the seller and procured the buyer, both regional investment offices.
“With renovations already completed on half of the units, Parkside Court Apartments offers investors a clear proof of concept and road map to increase the remaining rents to market levels,” added Pepdjonovic, senior vice president investments.
Marcus & Millichap, Inc. (NYSE: MMI) is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2022, the company had 1,904 investment sales and financing professionals in 81 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion.
