Mastermind Multifamily Investments Acquires Airport Place Apartments In Clarksville For $20.1M

The transaction involves the sale of Airport Place Apartments, a multifamily community located at 155 Airport Road in Clarksville, TN. The property consists of 121 units, with a price per unit of $166,116. The sale of the asset amounted to $20,100,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $20,100,000
• Units: 121
• Price Per Unit: $166,116
• Buyer: Mastermind Multifamily Investments
• Seller: Todd Morris of Morris Properties
• Brokers: Charlie Smith & Gloria Gregory - Marcus & Millichap
• Market: Clarksville, TN
• Sale Date: 01/22/2025

Charlie Smith played a crucial role in securing the buyer for this transaction, while Gloria Gregory represented the seller. This multifamily asset was facilitated through Marcus & Millichap, emphasizing the brokerage's involvement in completing the transaction.