EMBASSY GROUP BUYS 84-UNIT APARTMENT BUILDING

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EVANSVILLE, IND. — The Embassy Group has purchased Terra Trace, an 84-unit apartment community at 1715 Theater Drive in Evansville, for $2.4 million. The property consists of 11 two-story rental buildings. Units average 752 square feet and rents average $540 per month. Amenities include on-site laundry, a clubhouse, swimming pool and private balconies. David Gaines and Alex Blagojevich of Marcus & Millichap represented the seller, Regency Apartments. They also secured the buyer.

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