Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Nicolet Townhomes, a 34-unit apartment property located in Grand Chute, Wisconsin.
“This was an excellent chance to acquire a well-maintained asset with both upside potential due to recent renovations and value-add possibilities,” said Matthew Whiteside, senior managing director investments. “The Whiteside Group was privileged to manage this
transaction and ensure a mutually satisfying outcome for both parties.”
Whiteside, investment specialist in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller, Rhumbline Real Estate Partners, and procured the buyer, Koble Investments.
Nicolet Townhomes offers three- and four-bedroom units across 42,650 rentable square feet. Built in 1987 and recently renovated, the property comprises 17 buildings, each featuring two side-by-side townhome units with attached two-car garages. The community spans 4.32 acres near Interstate 41, just two miles from downtown Appleton.
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.
