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Marcus & Millichap has completed the sale of Marina Point Apartments in Chesapeake, VA for $14.2 million

MRKT Secures $14M Apartment Community in Chesapeake

Marcus & Millichap has completed the sale of Marina Point Apartments in Chesapeake, VA. The 104-unit multifamily property sold for $14.2 million.

A Marcus & Millichap team of Altay Uzun, Justin Ferguson, Theo Jolley and David Chae represented the seller and secured the buyer, MRKT Realty, LLC.

Marina Point Apartments was built in 1965 and is situated on 7.84 acres on Canal Drive. The multifamily property’s 13 buildings are comprised of 34 one-bedroom, one-bathroom units; 52 two-bedroom, one-bathroom units; two three-bedroom, one-bathroom units; and 16 three-bedroom, one and a half-bathroom units. Each unit features hardwood flooring, a walk-in closet, carpeting, a kitchen and dining area and ceiling fans.


Inside The Story

Marcus & Millichap

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition