Marcus & Millichap Inc., a prominent commercial real estate brokerage firm, has announced the successful sale of Johns Avenue Apartments, a 34-unit building in Holbrook, Massachusetts, for $7 million. The transaction was facilitated by Tony Pepdjonovic and Evan Griffith, who represented both the seller and the buyer. The property, built in 1965 and located on a 0.98-acre lot near the Braintree line, includes four studios and 30 one-bedroom apartments. The new buyer plans to undertake significant renovations, leveraging the property's existing appeal and strategic location, just 15 miles south of downtown Boston. The sale highlights the ongoing high demand for multifamily properties in the area.
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