DUBLIN, OH – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of Sawmill Ridge, (top right photo) a 192-unit multi-family community in Dublin.The sales price of $11.95 million represented $62,240 per unit.
Derek C. Kinnear, a senior associate in the Cincinnati office of Marcus & Millichap; William Klopfer, a senior associate in the firm’s Columbus office; and Adam Schlosser, an investment specialist also in the firm’s Columbus office, represented the seller. Matthew Brown, a senior associate in the firm’s Columbus office, represented the buyer.
“The investor has acquired a
well-maintained, quality performing asset in central Ohio’s strongest rental market,” says Schlosser. “The new owner has capitalized on a rare opportunity in a market with excellent demographics.” Located at 6564 Millridge Circle, the 144,480-square foot apartment community consists of 12 two-story buildings situated on 15.31 acres, within a close proximity to some of Columbus’ best shopping, dining, entertainment establishments and business centers.
Sawmill Ridge features a mix of one- and two-bedroom units. Interior amenities include an enclosed patio or balcony, designer kitchen, and gas log fireplaces and washer and dryers in select units. Community amenities include a swimming pool with a large multi-level sundeck that connects to a private bathhouse. There is a two-acre park nearby, and the property offers ample parking surface spaces in front of each unit.
Press Contact: Stacey CorsoCommunications Department
(925) 953-1716
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