Marcus & Millichap brokers USD 4.8 million sale of 23-unit Green Bay multifamily property

Marcus & Millichap, Inc.

Marcus & Millichap, Inc.

MMI

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  • Marcus & Millichap brokered the sale of Whitney School Lofts Apartments, a 23-unit multifamily property in Green Bay, Wisconsin, for USD 4.8 million.
  • The transaction priced at USD 208,696 per unit, a record high for Green Bay multifamily assets.
  • The buyer was an out-of-market investor completing a 1031 exchange; the seller was the developer that converted the former school into apartments.
  • The property at 215 N. Webster Ave. was built in 1918, renovated in 2020, spans 19,725 rentable square feet.


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