Patrick Suffield Of Marcus & Millichap Represents Seller In $2.68M Sale Of Briar Gardens Apartments

The property involved in this transaction is a multifamily asset located at 7572 Cherryvale North Boulevard in the Cherry Valley market. It consists of 24 units, built in 1975, with a total area of 8,800 square feet and sits on a 1.5-acre lot. The sale price of the property was $2,675,000, translating to a price per unit of $111,458.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,675,000
• Units: 24
• Price Per Unit: $111,458
• Address: 7572 Cherryvale North Boulevard
• Market: Cherry Valley
• Acres: 1.5
• Broker: Patrick Suffield - Marcus & Millichap

Patrick Suffield of Marcus & Millichap represented the local seller in this transaction and sourced the regional buyer. The property is located near CherryVale Mall and various retailers, including Menards, Walgreens, and Starbucks.