Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Whitney Point Apartments located in Madison, Wisconsin.
“Whitney Point Apartments stood out as a high-quality, well-located asset with significant long-term potential,” said Matthew Whiteside, senior managing director investments. “Its location on Madison’s west side, near major thoroughfares and retail amenities,
positioned it as a highly desirable asset in today’s competitive multifamily market.”
Whiteside, Paul Rider and Don Schmidt, investment specialists in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller, Whitney Point Properties, LLC, and procured the buyer, Whitney Point, LLC.
Whitney Point Apartments, located at 5414 Mineral Point Road on Madison’s growing west side, sits on 1.77 acres and includes a mix of studio, one-bedroom and two-bedroom units, along with three ground-floor retail suites. Completed in 2020 as Phase I of a larger
redevelopment plan, the site allows for a proposed Phase II that would add approximately 100 residential units and 8,250 square feet of retail space.
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.
