Marcus & Millichap has brokered the $2.15 million sale of The Vues At North Liberty, a 20-unit apartment property located in North Liberty, Indiana.
Jack Stanton, Quentin Benedetto and Kyle Stengle represented the seller, a national real estate investment & development firm. Josh Caruana assisted in closing this transaction.
Stanton, Stengle and Benedetto marketed the property for $2.1 million and after sourcing multiple competitive offers, ultimately sold the asset 3% over list price for $2.15 millon. The property was sold to a cross-asset 1031 exchange buyer that had recently sold an industrial building with the intent of transitioning into multifamily. The sale marks the highest price per unit multifamily closing of 2023 within a 50-mile radius of the subject property.
