Multifamily O Indiana

Marcus & Millichap sells 192-unit apartment in Indiana

Marcus & Millichap sells 192-unit apartment in Indiana,ph01

Marcus & Millichap closed the sale of Williamsburg Way Apartments, a 192-unit apartment property in Columbus, Indiana. The asset sold for $8.825 million.

Scott Harris, senior managing director investments, and Samuel McCarthy, an associate, in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller. The buyer, an Indiana-based apartment group, was also represented by Harris and McCarthy.

Josh Caruana assisted in closing this transaction as the broker of record in Indiana.

Williamsburg Way Apartments is located at 3838 Williamsburg Way. The property is comprised of four studio units, 36 one-bedroom/one-bathroom units, 107 two-bedroom/one-bathroom units, 17 two-bedroom/one and one-half bathroom duplex and townhome units, and 24 three-bedroom/one and one-half bathroom apartment and duplex units. The property features a newly renovated clubhouse, outdoor swimming pool, fitness center, on-site laundry facilities, and a playground.