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Marcus & Millichap Brokers $27M Sale of Amesbury MF Portfolio

Marcus & Millichap has arranged the $26.5 million sale of the Amesbury Collection, an apartment portfolio consisting of two properties and 183 units in Amesbury, MASS.

The collection consists of the British Colonial Apartments, a 111-unit apartment community located on 164 Whitehall Road and Amesbury Gardens, a 72-unit complex located just over a mile away on 106 Friend St. British Colonial Apartments consists of a mix of one- and two-bedroom apartments and features a swimming pool for residents, coin-operated laundry facilities and private balconies with views of the valley. Amesbury Gardens has studio, one-, and two-bedroom layouts and is walking distance to Amesbury’s historic downtown.

Evan Griffith and Tony Pepdjonovic of Marcus & Millichap’s Boston office represented the undisclosed seller in the transaction. The buyer was also undisclosed.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition