Raintree Apartments in Topeka, KS Sold by Marcus & Millichap for $5 Million

Raintree Apartments, Topeka, KS

TOPEKA, KS, Jan. 17, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Raintree Apartments, a 184-unit apartment complex located in Topeka, Kansas, according to Richard D. Matricaria, Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $5,150,000.

Alex Blagojevich, senior associate in Marcus & Millichap’s Tampa office and David N. Gaines, vice president investments in the firm’s Chicago office, had the exclusive listing to market the property on behalf of the seller, a limited liability company based out of California. 

Alex Blagojevich

The Florida-based buyer was also secured and represented by Blagojevich and Gaines.  Adam Christofferson is Marcus & Millichap’s broker of record in Kansas.

Raintree Apartments was built in 1974 and is 95 percent occupied.  This 184-unit apartment complex is located at 3708 SW 29th Street and is in close proximity to multiple interchanges at I-470, I-335 and I-70. 

Press Contact:

Richard D. Matricaria

Regional Manager,

Tampa, FL

(813) 387-4700