Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Crow’s Nest Apartments, a 90-unit multifamily property located in De Pere, Wisconsin.
“Crow’s Nest Apartments offers both a rich local history and compelling investment fundamentals,” said Blake Hanlon, director investments. “Originally home to several Green Bay Packers and located just across the river from Lambeau Field, the property combines
strong tenant appeal with significant upside potential. With current rents market averages and local vacancy rates among the lowest in the country, the buyer is well positioned to benefit from ongoing demand and limited new supply in the Greater Green
Bay area.”
Hanlon and Mark Peltin, senior director investments, both investment specialists in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller, and procured the buyer, the MLG Legacy Fund.
Crow’s Nest Apartments is located in a neighborhood along the Fox River. Built in 1972, the property sits on 6.29 acres and includes a 90-unit building with a mix of studio, one-, two- and three-bedroom apartments. Amenities include an indoor pool and sauna, resident lounge, updated laundry facilities and 96 underground parking spaces.
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.
