Marcus & Millichap sells 184-unit apartment complex in Kansas

January 17, 2013  |  Staff Writer  |  Print Article  |  Email this Article

Marcus & Millichap Real Estate Investment Services recently closed the sale of Raintree Apartments, a 184-unit apartment complex in Topeka, Kan.

The property sold for $5.15 million.

Alex Blagojevich, senior associate in Marcus & Millichap’s Tampa office, and David Gaines, vice president of investments in the firm’s Chicago office, had the exclusive listing to market the property for the seller, a limited liability company based in California.

Raintree Apartments was built in 1947 and is 95-percent occupied.

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