WEDNESDAY, OCTOBER 28, 2009

Marcus & Millichap handles 116-unit multi-family sale in Columbus

by Midwest Real Estate News Reports
Columbus

Marcus & Millichap Real Estate Investment Services in October helped facilitate the sale of Hawthorne Hall, a 116-unit REO multi-family property located in Columbus, Ohio.

J Rosenbusch and Matt Gockstetter, vice presidents in Marcus & Millichap's Columbus office, had the exclusive listing to market the property on behalf of Winthrop Realty. The asset was purchased for the list price of $1.115 million by a local investor.

Hawthorne Hall is located within the Southeast sub-market of Columbus.

The community was built in 1972, and consists of one- and two-bedroom garden units, as well as two- and three-bedroom townhouse units.

The property was 30 percent occupied at closing, with an estimated $600,000 in capital improvement needs.

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