MARCUS & MILLICHAP ARRANGES SALE OF 120-UNIT APARTMENT COMPLEX

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BELLEVILLE, ILL. — Marcus & Millichap has arranged the $4.5 million sale of Freedom Drive Apartments, a 120-unit, six-parcel apartment complex located in Belleville. David Short and Matt Fairbairn of Marcus & Millichap’s St. Louis office represented the seller, MALJ Investments, and the buyer, a Japan-based entity, in the acquisition. Located less than 15 miles east of downtown St. Louis, the apartments were sold for $37,500 per unit.

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