Marcus & Millichap Brokers Sale Of Multifamily Portfolio In Edwardsville For $14.85M

The multifamily property located at 29 Devon Court, 211 Glen Lake Drive, 131 Dorset Court, 133 Dorset Court, 30-40 Devon Court, 1711-1713 North Main Street, 130 West Street, 79 Devon Court, 89 Devon Court, and 400-424 West Union Street in Edwardsville was recently sold. The transaction was facilitated by Austine Meeker & Aaron Kuroiwa of Marcus & Millichap. The property consists of 202 units and has a total square footage of 145,238. The sale price for the property was $14,850,000, resulting in a per unit price of $73,515 and a price per square foot of $102.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $14,850,000
• Units: 202
• Price Per Unit: $73,515
• Total Square Footage: 145,238
• Price Per Square Foot: $102
• Market: Edwardsville

Austine Meeker & Aaron Kuroiwa of Marcus & Millichap represented the parties involved in the transaction, facilitating the sale of this multifamily property in Edwardsville. The sale of this property represents a significant investment opportunity in the thriving Edwardsville market.