Marcus & Millichap Sells Mystic Grove Apartments In Arlington For $20.5 Million

Mystic Grove Apartments is a multifamily complex located in Arlington, MA, comprising 60 units. The property was sold for $20,500,000, equating to $341,667 per unit. It features renovated units and amenities including a new fitness center, with advantageous access to public transit and local amenities.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $20,500,000
• Square Footage: 60
• Price Per Square Foot: $341,667
• Market: Arlington, MA
• Brokers: Evan Griffith & Tony Pepdjonovic - Marcus & Millichap

Marcus & Millichap facilitated the sale of Mystic Grove Apartments, representing the brokers Evan Griffith and Tony Pepdjonovic in this transaction. The deal denotes a strategic move within the market, reflecting potential for revenue growth and long-term value appreciation based on the property's features and location.