Monday, August 20, 2012

Marcus & Millichap Announces Sale of Sycamore Hills in Kansas City, MO for $4.3 Million


 KANSAS CITY, MO, Aug, 20, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Sycamore Hills, a 207-unit Apartment property located in Kansas City, MO, according to Richard D. Matricaria, Regional Manager of the firm’s Tampa office. The asset commanded a sales price of $4,300,000.
 
Alex Blagojevich and David N. Gaines (middle right photo), investment specialists in Marcus & Millichap’s Tampa and Chicago offices, had the exclusive listing to market the property on behalf of the seller, Sycamore Hills, LLC. 

The buyer, The Hills Partners, LLC, was also secured and represented by David N. Gaines and Alex Blagojevich.  Matt Fitzgerald, Broker, assisted in closing this transaction.

Sycamore Hills is located at 506 NW 55th Terrace.  The property is a 207-unit apartment community consisting of nine two-story buildings.  The buildings feature studio, one, two and three-bedroom floor plans. 

Press Contact:

 Richard D. Matricaria
Regional Manager,
 Tampa
(813) 387-4700

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