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| Hampshire Park Apartments, 400 North Lake Park Avenue Hobart, IN |
HOBART, IN – Marcus & Millichap (NYSE: MMI), a leading
commercial real estate investment services firm with offices throughout the
United States and Canada, today announced the sale of Hampshire Park
Apartments, a 186-unit apartment community in Hobart, Ind.
The $11.25
million sales price equates to $60,484 per unit.
Scott
Harris, senior vice president investments in Marcus & Millichap’s
Chicago Oak Brook office, represented the seller, a private investment company
in Merrillville, Ind. The buyer is Chicago-based Tricap Residential Group.
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| Scott Harris |
Built in 1972 on just less than 20
acres, the property is located at 400 North Lake Park Ave. in Hobart adjacent
to open prairie and near parks, lakes and outdoor recreational areas.
The
historic Hobart lakefront district, located in downtown Hobart on Lake George,
is less than one mile from the property.
Hampshire Park Apartments consists of 46
one-bedroom/one-bath units, 104 two-bedroom/one-bath apartments, 14
two-bedroom/one-and-a-half-bath units and 22 two-bedroom/two-bath apartments.
There are eight different floor plans, each with a private
balcony or patio and every building has a coin-operated laundry facility and
storage space for every unit. The property also has a swimming pool with
sundeck and a clubhouse with multiple bar/lounge areas, a kitchen and a dining
area.
Hobart, Ind. is approximately 45 minutes southeast of the
Chicago Loop.
For a complete
copy of the company’s news release, please contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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