60-UNIT MULTIFAMILY PROPERTY SELLS FOR $2.9 MILLION IN IOWA

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WEST DES MOINES, IOWA — Marcus & Millichap has brokered the sale of Woodland Apartments, a multifamily property located ay 4949 Woodland Ave. in West Des Moines. Built in 1984, the 60-unit property was 89 percent occupied at the time of acquisition. A private investor acquired the property for $2.9 million. Thomas DeWaay of Marcus & Millichap represented the buyer and the seller, a limited liability company, in the transaction.

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