Marcus & Millichap Brokers $3.53M Sale Of 40-Unit Kane Place Apartments In Milwaukee

The asset involved in the transaction is the Kane Place Apartments, a multifamily property located at 1503-15 E Kane Place in Milwaukee, WI. The sale was completed for a total price of $3,525,000. The property encompasses 40 units with a price per unit of $88,125, and it has a total square footage of 17,510, which translates to a price per square foot of $201.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,525,000
• Units: 40
• Price Per Unit: $88,125
• Total Square Footage: 17,510
• Price Per Square Foot: $201

The deal was facilitated by brokers Blake Hanlon and Mark Peltin from Marcus & Millichap, who represented the transaction successfully. This transaction highlights the brokerage firm's involvement in managing the sale of the property.