Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

A 131-unit apartment community in Sparks, Nev., has sold for $13 million, according to an announcement Monday from Marcus & Millichap Real Estate Investment Brokerage Co.   The sales price for the 131-unit apartment community represents $99,237 per unit and $84 per square foot.   Built in 1988, Mountain Meadows is located at 3230 Wedekind Road. The apartment community consists of all two-bedroom units ranging in size from 950 square feet to 1,200 square feet. The complex is situated on 7.07 acres and offers 154,020 rentable square feet.   Kenneth Blomsterberg, a senior investment associate in Marcus & Millichap's Sacramento office, along with Christopher LoBello of Marcus & Millichap's Las Vegas office, represented the seller in the transaction. They also secured...