Marcus & Millichap Completes Five $26.9M Property Sales

Marcus & Millichap reported several commercial property sales, including Civic Towers, a 13-unit rent-controlled apartment building in Union City, New Jersey, sold for $2.65 million, and a partially completed 144-unit Washington, D.C., apartment development sold for $9.5 million. In Anaheim, California, the 35-unit Knott-Orange Apartments sold for $9.65 million; the buyer plans renovations, while the seller is repositioning its portfolio through a 1031 exchange. In Brooklyn’s Clinton Hill neighborhood, a mixed-use building with three apartments and a deli sold for $2.7 million. The firm also announced the $2.4 million sale of Crosby Avenue Self Storage, a 282-unit facility in Janesville, Wisconsin.