Marcus & Millichap

South Salt Lake City Property Trades for $67M

September 12, 2017

Marcus & Millichap, on behalf of a private owner, sold Lionsgate, a 400-unit community in Murray, Utah. A Seattle-based investor acquired the property for $67.3 million.

Located at 136 W. Fireclay Ave., within minutes of Interstate 15, the asset features one-, two- and three-bedroom apartments, ranging between 693 and 1,016 square feet. The 15-building property offers convenient access to multiple schools, including James E. Moss Elementary School, American International School of Utah and Hillcrest Junior High School. Community amenities include a fitness center, swimming pool, spa and more than 600 parking spaces.

Read the Full Article