Marcus & Millichap closed the sale of Ashton Hills Apartments, a 200-unit apartment complex in Memphis, Tennessee.
Bryan Sisk and David Dorris, both of Marcus & Millichap’s Memphis office, and Brad Barham of the firm’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller, an Iowa-based limited liability company. The team also secured the buyer, an investment group out of Denver, Colorado.
Ashton Hills Apartments are located at 4183 Troost Drive in Memphis. Built in 1975 and sitting on 12.56 acres of land, the complex has undergone significant upgrades and features close proximity to major developments in the Raleigh submarket.
