M&M ARRANGES $2.6M SALE OF 60-UNIT APARTMENT BUILDING

CINCINNATI — Marcus & Millichap has arranged the $2.6 million sale of Machine Flats Lofts, a 60-unit apartment property in Cincinnati. Matt Snyder, Dan Burkons, Michael Barron and Josh Wintermute, investment specialists in Marcus & Millichap’s Cleveland office, marketed the property on behalf of the seller, a bank/financial institution, and represented the buyer, a private investor. Machine Flats Lofts is located at 3301 Colerain Ave. The property was renovated in 2005 and includes 60 units ranging from 980 square feet to 1900 square feet.