Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 14,950-square foot mixed-use property located in Harrisburg, PA, featuring twenty apartments units above three retail units, according to Sean Beuche, regional manager of the firm’s Philadelphia office. The asset sold for $1,765,000.

Craig Dunkle, Dana Newton, Mher Vartanian, and Mike Maxwell, investment specialists in Marcus & Millichap’s Philadelphia office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a prominent local Pennsylvania multi-family owner, was secured and represented by Craig Dunkle and Mher Vartanian.

Due to the combined team’s tireless efforts, the property was listed, marketed, and closed within 40 days, and the seller secured a contract limiting due diligence and financing to under 30 days.

The asset is located at 1126 - 1200 N 3rd St in Harrisburg, PA, and the Mixed-Use property consisting of 20 multi-family units and 3 retail units is 100% occupied with below market rents in place. The combination of long-term retail tenants and desired Historic Midtown neighborhood, should bring the buyer solid income for many years to come.

About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 9,726 transactions in 2019 with a value of approximately $50 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.