Marcus & Millichap Brokers $15M Sale of Multifamily Property in Wausau, Wisconsin

Marcus & Millichap brokers sale of 75-unit apartment property in Wausau

Marcus & Millichap negotiated the sale of The Apartments at Riverlife, a 75-unit multifamily property in Wausau, Wisconsin. The property sold for $15 million, or $200,00 per unit. Dan Bowar, investment specialist in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller, Riverlife Wausau, LLC, and procured the buyer, a Wisconsin-based investor.  The Apartments at Riverlife is situated on 0…

Marcus & Millichap Brokers $15M Sale of Multifamily Property in Wausau, Wisconsin

WAUSAU, WIS. — Marcus & Millichap has brokered the $15 million sale of The Apartments at Riverlife, a 75-unit multifamily property in central Wisconsin’s Wausau. Dan Bowar of Marcus & Millichap represented the seller, Riverlife Wausau LLC, and procured the buyer, a Wisconsin-based investor. Built in 2020, the property features a mix of one-, two- and three-bedroom units across 72,177 rentable square feet. The asset overlooks the Wisconsin River.…