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 231 West Coulter, a 6-unit mixed-use property located in Philadelphia, PA, according to Sean Beuche, broker of record for PA and regional manager of the firm’s Philadelphia office. The asset sold for approximately $100,000/unit.

Brian Maguire, Everett V. Butler, Fred Paisley and Zack Goldblatt, 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 partnership, was secured and represented by Fred Paisley, an investment specialist in Marcus & Millichap’s Philadelphia office

231 West Coulter is located in the Germantown neighborhood of Philadelphia, PA. The property is comprised one commercial tenant, five apartment units, and 12 garages. All of the apartments and commercial space were completely renovated by the Seller, a locally based developer. The property was 100% occupied at time of closing.

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.