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

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, 400-424 West Union Street
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This MultiFamily property located in IL was sold for $14,850,000 over 2 years ago. The brokers of the deal were Austin Meeker and Aaron Kuroiwa

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.

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Deals
  • Location
    29 Devon Court, Edwardsville, IL, USA29 Devon Court, Edwardsville, IL, USA
  • Sale Price
    $14,850,000$14,850,000
    $102 PPSF$102 PPSF
  • Area
    145,238 SF145,238 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Austin Meeker

Austin Meeker

Deals2
Sold$65.2M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Austine Meeker & Aaron Kuroiwa DATE: 08/18/2021 ADDRESS: 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, 400-424 West Union Street MARKET: Edwardsville ASSET TYPE: Multifamily BROKER: Austine Meeker & Aaron Kuroiwa - Marcus & Millichap SALE PRICE: $14,850,000 UNITS: 202 ~ PPU: $73,515 SF: 145,238 ~ PPSF: $102

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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, 400-424 West Union Street

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