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Marcus & Millichap Arranges Sale of Indiana Apartments

Marcus & Millichap closed the sale of a 13-unit apartment property, with 20 self-storage units, located in Hamlet, Indiana. The asset sold for $705,000.

Eric Bell, executive managing director, and Jordan Callaway, first vice president, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, in conjunction with Michael Wernke, principal and managing broker of XMark Midwest, had the exclusive listing to market the property on behalf of the seller.

The buyer, a private investor, was secured and represented by Bell and Callaway. Josh Caruana, regional manager and broker of record of Indiana, assisted in closing this transaction. This property is located at 11 W. Indiana Avenue. The apartments, as well as the self-storage units, are fully occupied.

Connect Industrial Midwest 2024 will take place on March 5, 2024, at Joe’s Live in Rosemont, Illinois. Click here for more information and to register.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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