Marcus & Millichap Sells Multifamily Portfolio In Auburn For $26.5M With Josh Jacobs As The Broker

A three-property multifamily portfolio was sold in Auburn, AL, comprising 555 North Dean Road, 516 East Glenn Avenue, and 650 North Ross Street. The sale price was $26,500,000, with the seller recently investing $3.3 million in upgrades to the properties.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $26,500,000
• Address: 555 North Dean Road, 516 East Glenn Avenue & 650 North Ross Street
• Market: Auburn, AL
• Broker: Josh Jacobs - Marcus & Millichap

The transaction was facilitated by Josh Jacobs of Marcus & Millichap, representing the buyer, who remains anonymous, ensuring a smooth closing of the deal.