Loboda Properties Acquires Multifamily Property In Harrison Twp For $22.2M

The multifamily property located at 25879 Ashby Dr in Harrison Twp, MI has been sold for a total price of $22,200,000. The transaction took place on April 14, 2022. The property consists of 75 units, with each unit valued at approximately $296,000. The total square footage of the property is 104,268, resulting in a price per square foot of $213. Kutumbarao Raavi was the seller of the property.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $22,200,000
• Address: 25879 Ashby Dr, Harrison Twp, MI
• Market: Harrison Twp, MI
• Units: 75
• Price per Unit: $296,000
• Total Square Footage: 104,268
• Price per Square Foot: $213

The buyer of the property is Loboda Properties, represented by Michael Loboda and Yaakov Loboda. The brokerage firm involved in the transaction is Marcus & Millichap, with Gordon A. Navarre as the broker.