Marcus & Millichap Inc., a leading commercial real estate brokerage firm, has successfully arranged the sale of a 49-unit multifamily portfolio in Ellsworth and Baldwin, Wisconsin, for $5.8 million. Despite the rural settings of St. Croix and Pierce counties, these areas are increasingly seen as extensions of the Twin Cities metro, reflected in the portfolio's strong rent performance. The transaction was handled by Scott M. Anderson from Marcus & Millichap's Minneapolis office, with both the buyer and seller being Wisconsin-based investors. The portfolio includes 25 units in Ellsworth and 24 units in Baldwin, all within an hour's drive of the Minneapolis-St. Paul metro area.
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