MARCUS & MILLICHAP BROKER $4.75 MILLION SALE OF MULTIFAMILY COMPLEX

by admin

COLUMBUS, OHIO — Marcus & Millichap has brokered the sale of the 248-unit distressed apartment property, La Vista Townhomes, located at 6797 Springhouse Lane in Columbus. Midland Special Servicing serviced the property’s loan, and the receiver, McKinley, facilitated the sale. The buyer, an East Coast real estate fund focusing on distressed assets, assumed the debt for $4.75 million plus cash for immediate property repairs. The property was 80 percent occupied at closing and contains two-bedroom townhome and garden-style units.

You may also like