Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of 2-8 Hingham Street, an 8-unit apartment property located in Cambridge, MA, according to John Horowitz, regional manager of the firm’s Boston office. The asset sold for $5,000,000.

Kendin Carr, an investment specialist in Marcus & Millichap’s Boston office, had the exclusive listing to market the property on behalf of the seller, a partnership. “It was a pleasure to represent the seller in this transaction. Our dynamic sales process was able to generate strong interest, and multiple bids, from both local and international investors. All of whom were interested in a seasoned asset, with an ideal location and strong rental history” Carr stated. Carr also expressed that the assets’ proximity to Harvard Business School, Central Square, Harvard Square, and public transportation highlight the reasons the City of Cambridge continues to be a high demand real estate market for investors.

About Marcus & Millichap (NYSE: MMI)

With nearly 2000 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 9,472 transactions in 2018 with a value of approximately $46.4 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, please visit: www.MarcusMillichap.com.