Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Dominion Apartments, a 56-unit apartment property located in Ocean Springs, Mississippi.
“Dominion Apartments represents the buyer’s first acquisition in Mississippi,” said Preston Cooper, first vice president investments. “They were attracted to this market based on the condition of the property and its quality in-place management, as well as the high-income demographics and rapid growth in the submarket.”
Cooper and Matt Smith, investment specialists in Marcus & Millichap’s Birmingham office, represented the seller, Dearman Properties, and procured the buyer, 3H Management. Mickey Davis, Broker of Record in Mississippi, assisted in closing the transaction.
Located on 3.11 acres at 310 Holcomb Boulevard, the property features 56 units offering a mix of one-, two- and three-bedroom floor plans across 57,624 rentable square feet.
Marcus & Millichap, Inc. (NYSE: MMI) is a leading national brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2023, the Company had 1,783 investment sales and financing professionals in over 80 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 our clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion.
