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ARLINGTON, VA—The recent sale of a 3-property multifamily portfolio near Crystal City has given the market a taste of what can be expected when Amazon comes to town, according to one of the brokers that closed the deal.
The portfolio, which is located about 2.5 miles from Crystal City, sold last week for $5.68 million, according to Christian Barreiro with The Zupancic Group of Marcus & Millichap.
“We listed the properties the day after Amazon announced it was locating its headquarters here. The properties were under contract within hours with two at the full price.”
Marty Zupancic, and Nick Murray also represented the seller. Three buyers picked up the assets—one was local, one was from Florida and one was foreign-based, he tells GlobeSt.com.
Marcus & Millichap is the nation’s largest brokerage firm focused exclusively on investment sales. It is based on a simple premise: matching each property with the largest pool of pre-qualified investors. 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 8,954 transactions in 2020 with a value of approximately $43 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 about the company, please visit www.MarcusMillichap.com.