Marcus & Millichap Arranges The Sale Of A 43-Unit Apartment Building
The asset sold for $3,815,000.
Brent Silcox, an investment specialist in Marcus & Millichap’s Indianapolis office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was also secured by Brent Silcox.
Derbyshire Court Apartments is located at 2501 Derbyshire Ct in West Lafayette, IN. The property holds21 Duplex buildings and onefour-bedroom house. There are 30two-bedroom (864 sq ft) units, 12three-bedroom (1,152 sq ft) units, and one four-bedroom (1,800 sq ft) house. Derbyshire Court was constructed on an 8.51-acre site in 1968. Eleven units have recently been updated and all roofs have been replaced within recent years.
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About Marcus & Millichap (NYSE: MMI)
With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.