Thursday, February 10, 2011

Marcus & Millichap Lists $11.6 Million Multifamily Property in Cincinnati, OH

CINCINNATI, OH, Feb.10, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Ashley Woods (top left photo), a 352-unit, 314,880-square foot multifamily property in Cincinnati.

The listing price of $11,650,000 represents $33,097 per unit, and $37 per square foot.

 Scott Harris, a senior vice president investments, and Kyle Shoemaker, a multifamily property investment specialist, both in the firm’s Oak Brook office and in Cincinnati, are representing the seller, Ashley Woods Limited Partnership, an affiliate of the Haley Real Estate Group LLC, based in Omaha, Neb.

“Ashley Woods offers potential buyers the opportunity to acquire a well-maintained and well-occupied apartment complex serving low- to moderate-income tenants in northwest Cincinnati,” says Kurt Shoemaker.

The property is located at 2300 Walden Glen Circle in Cincinnati near Interstate 275.

 Built in 1970 on 23.9 acres, Ashley Woods has a variety of garden-style and townhouse floor plans. The unit mix includes 32 one-bedroom garden units, 108 two-bedroom/two-bath garden units, 176 two-bedroom/two-bath townhouse units and 36 three-bedroom/two-bath garden units.

Apartments at Ashley Woods contain fully equipped kitchens, washer and dryer connections, private patios/balconies and an abundance of closet space. Community areas include on-site laundry facilities, an outdoor pool, basketball courts and on-site management.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

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