MARCUS & MILLICHAP BROKERS SALE OF 72-UNIT MULTIFAMILY COMMUNITY

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CROWN POINT, IND. — Steven Livaditis and Michael Wernke of Marcus & Millichap have brokered the sale of a 72-unit multifamily community located at 905-928 Heritage Court in Crown Point. Heritage Court Apartments closed at a 7.41 percent cap rate. With 97 percent occupancy, floor plans at the community range in size from 750 square feet to 900 square feet. Sean Lyons and Shaun Buss of Marcus & Millichap represented the buyer, a private investor, in the acquisition. The acquisition price was not disclosed.

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