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 4th Street Apartments, an 8-unit apartment property located in Bethlehem, PA, according to Sean Beuche, broker of record and regional manager of the firm’s Philadelphia office.

Brian Maguire and Fred Paisley, investment specialists in Marcus & Millichap’s Philadelphia office, delivered a competitive offer with favorable terms for their local private clients. The buyer, a private local investor, was secured and represented by Brian Maguire and Fred Paisley,

4th Street Apartments is located at 1102 E 4th St in Bethlehem, PA. “The property’s location down the street from Lehigh University in the historic South Side Bethlehem was attractive for the purchaser”, according to Brian Maguire, “Being on the opposing end of the popular thoroughfare away from campus, our client saw upside following minor tenant improvements to the property, and made them confident waiving the results of the pre-sale inspection of their all-cash offer. This set the table for a favorable exit for the seller.”

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.