MARCUS & MILLICHAP COMPLETES $25.64 MILLION MULTIFAMILY SALE

by admin

RICHMOND HEIGHTS, OHIO — Marcus & Millichap has completed the sale of Richmond Park, a 736-unit multifamily community located at 444 Richmond Park East in Richmond Heights, for $25.64 million, or $34,838 per unit. The community comprises four six-story buildings and two parking garages on 36.46 acres, and features an outdoor and indoor swimming pool, on-site laundry facilities, fitness centers, controlled access, elevators, and balconies and patios for individual units. Jim Walsh of Marcus & Millichap’s downtown Chicago office, Gary Cooper of the firm’s Cleveland office and Matthew Friedman of the firm’s Encino, Calif., office represented the buyer and seller, both of whom are private Cleveland-based investors.

You may also like