Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Copper Creek Crossings Apartments, a 144-unit apartment property located in Belleville, Ill., according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. The asset sold for $29,500 per unit for a total of $4,250,000.
Bradley Barham, a senior associate, Jeffrey Colona, an associate, and John T. Solari, an associate, in Marcus & Millichap’s Chicago Downtown and St. Louis offices, had the exclusive listing to market the property on behalf of the seller. They also represented the out-of-state, new to the market buyer.
Copper Creek Crossings Apartments is located on Freedom Drive, 20 minutes east of the St. Louis MSA. The property is comprised of 48 one-bedroom/one-bathroom units and 96 two-bedroom/one-bathroom units in eight buildings.
About Marcus & Millichap
With over 1,800 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 over 9,000 transactions in 2017 with a value of approximately $42.2 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.
