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Marcus & Millichap sells 662-unit apartment community in Illinois

Staff Writer April 5, 2017
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Marcus & Millichap Real Estate Investment Services recently arranged the sale of Town & Country Apartments, a 662-unit apartment complex with a 52-unit self-storage facility onsite, in Urbana, Ill.

The property sold for $34.5 million, equal to $52,115 a unit.

Scott Harris, a senior vice president of investments at Marcus & Millichap’s Chicago Oak Brook office, represented the seller, Axiom Properties. Harris also represented the buyer, Colorado-based Monarch Investment and Management Group.

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