A local investment firm recently purchased Marlow Apartments located at 3076 Marlow Rd. in Santa Rosa for $27 million. The nine-building 116-unit apartment complex totaling 85,920 square feet was built in 1984.
The property sits on a 277,477 square foot lot, encompassing 6.37 acres. Amenities include 222 parking spaces, on-site swimming pool, spa, clubhouse and recreation room.
Dan McGue with Coldwell Banker Commercial NRT represented both the buyer and seller in the transaction.
“Marlow Apartments is situated in the heart of both the North Bay Area’s Wine Country and Redwood Coast, one of Northern California’s most picturesque locations. Despite 12 months of changing market conditions, well-located multifamily properties with the right mix of units are attractive to a variety of investors. This property garnered immense interest in an unprecedented real estate market, with multiple offers due to its low-density, large open spaces and prime location in Sonoma County,” said McGue.
Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.