Contact: Anthony Cassie, Regional Manager
(503)200-2000
VANCOUVER, Washington, January, 2008 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate services firm, recently announced the sale of Greenwood Acres and Primrose Lane in Vancouver, Washington, one of the fastest growing cities in the State of Washington.
Greenwood Acres, a 21,492 -square foot apartment building commanded a sales price of $1,420,000. The 24-unit townhouse style complex represents $59,167 per unit and $66 per square foot. Dan McDunn and Ira Virden of the Virden-McDunn Group, brokers in the firm’s Portland office, were both the listing and selling agents.
Primrose Lane, an 8,250 -square foot apartment building sold for $675,000. The 11-unit apartment complex represents $61,634 per unit and $82 per square foot. Dan McDunn and Ira Virden were the listing agents, while Spencer Noecker represented the buyer.
PORTLAND, Oregon, January, 2008 – Village Court, a 79,242 –square foot apartment complex located in North East Portland recently sold for $4,845,000. The building is comprised of 84 units, with a sales price representing $57,679 per unit and $61 per square foot. Dan McDunn and Ira Virden of the Virden-McDunn Group were the listing agents for the property, while Spencer Noecker represented the buyer.
With more than 950 investment professionals in offices nationwide, Encino, Calif.-based Marcus & Millichap is the largest commercial real estate brokerage in the nation focusing exclusively on real estate investments. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization; local market expertise; the industry’s most comprehensive research and analysis capabilities; state-of-the-art technology; and established relationships with the largest pool of qualified investors nationally.
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