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Marcus & Millichap Brokers Sale of Eight-Property Portfolio in Maryland
Marcus & Millichap completed the $2.6 million sale of Arcadian House, a 28-unit multifamily property in Bladensburg, Maryland.
“These buildings were built, operated and cared for by the same family for decades, and this marks the first time they have ever traded hands,” said Ryan Murray, associate director of investments. “Coordinating sales to three separate buyers made this a highly complex assignment, and delivering a positive outcome across all eight closings is a tremendous win for our sellers.”
Murray, along with John Slowinski and Marty Zupancic of the Zupancic Group of Marcus & Millichap, represented the seller, Olympia Investments, Inc. The closing of Arcadian House completes the family’s eight-property disposition through a structured Chapter 11 bankruptcy process.
Located at 3901 53rd St., Arcadian House features a mix of one- and two-bedroom units averaging 820 square feet. The property is located near retail and employment centers, including Capital Plaza Shopping Center, Riverdale Park Station, and the Gateway Arts District.
