Southbridge & Worcester's 33-building Portfolio Trades for $18.9M

Marcus & Millichap recently facilitated the sale of a substantial mixed-use portfolio comprising 196 units across 33 buildings located in Southbridge and Worcester, Massachusetts. The total transaction value amounted to $18.9 million.

Experienced Seller and Strategic Marketing

The portfolio's seller, a local private investor with over three decades in the business, engaged Marcus & Millichap to market both the Southbridge and Worcester portfolios. Matthew Pierce, a first vice president of investments at the Boston office, led the marketing efforts. His strategy attracted a group of investors interested in acquiring the entire portfolio.

Breakdown of the Portfolio

The Southbridge portion of the portfolio includes 157 apartment units spread across 26 properties. Meanwhile, the Worcester portfolio consists of 37 apartments and two retail units distributed among seven properties.