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MARCUS & MILLICHAP COMPLETES $42.77 MILLION MULTIFAMILY SALE

MANCHESTER, CONN. — The New Haven, Conn., office of Marcus & Millichap has completed the sale of Waterford Commons, a 303-unit multifamily community located in Manchester, for $42.77 million. Situated on 34.3 acres at 669 Tolland Turnpike, the property comprises 13 two- and three-story buildings with a mix of one-, two- and three-bedroom apartment and townhome units. Individual units include vaulted ceilings with skylights, fireplaces, and in-unit washers and dryers. Community amenities include, a Jacuzzi, a sauna and steam room, a business center, a fitness center, lighted tennis and volleyball courts, walking trails, valet dry cleaning service, a playground, and an indoor, heated swimming pool with a deck. Steve Witten and Victor Nolletti of Marcus & Millichap represented both undisclosed parties in the transaction. The property traded at a price of $141,172 per unit.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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