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Marcus & Millichap Team Closes Sale of Multifamily Portfolio Outside Omaha
Marcus & Millichap closed the sale of Northridge and Flatwater, a 192-unit, two-property multifamily real estate portfolio outside of Omaha. The properties traded for a combined $27.5 million or $143,604 per unit.
“The properties are 10 miles apart and represent a great opportunity for our buyer to acquire well-maintained assets just outside of densely populated Omaha,” said Jason Hornik, first VP investments, Marcus & Millichap. Hornik, Greg Parker and Kent Guerin represented the seller and procured the buyer. Broker of record Jon Ruzicka assisted in closing the transaction.
Built in 2000 and 2001, Northridge and Flatwater provide residents with a diverse mix of one-and two- bedroom options. The units have fireplaces, extra storage space, and in-unit washers/dryers.
“Strong neighboring demographics, including a population of over 60,000 people within a five-mile radius and average household income of $136,020, made for a compelling acquisition process,” Parker added.
- ◦Sale/Acquisition


