Marcus & Millichap recently completed the sale of a diverse portfolio consisting of 17 multifamily and retail properties in Beaumont. The transaction totaled $13,550,000 and was facilitated by investment specialists Doug McCauley, David Covarrubias, and Steve Bogoyevac from Marcus & Millichap’s Inland Empire and South Bay offices.
Utilizing our innovative marketing platform, we were able to secure an all-cash sale with a swift 14-day closing period. The undisclosed seller entrusted us to market their portfolio which includes apartments, mixed-use properties, retail spaces as well as land parcels.
The new owner stands to benefit from the potential increase in rental rates within this portfolio. By maximizing cash flow and unlocking additional value through strategic management strategies,the buyer can capitalize on this opportunity for long-term success.
This recent transaction highlights Marcus & Millichap’s expertise in navigating complex deals while delivering exceptional results for our clients.
