Marcus & Millichap Inc., a prominent commercial real estate brokerage firm, has successfully brokered the $10.88 million sale of a two-property, 46-unit townhome portfolio in West Palm Beach, Florida. The Wallis & Stacy Townhomes, built in 1991 and located on 4.8 acres, consist of large three-bedroom, two-bathroom units, many of which have been renovated. The portfolio is conveniently situated near major transport links and employment centers, offering strong long-term growth potential. This transaction underscores the robust nature of the multifamily market in the region and highlights Marcus & Millichap's ability to guide assets through their full investment cycle.
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