Rhode Island apartments sell to LLC

Per unit price tops $109K

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A gated apartment community in Middletown, R.I., recently sold to a limited liability company for a price of more than $19.6 million, brokerage Marcus & Millichap announced today. Northland Middletown LLC bought the Northgate Apartments from Middletown Taragon LLC. The property includes 179 units and 159,222 square feet of space. Located at 3 Admiralty Drive, the apartment community consists of 14 buildings situated on a 15.58-acre lot. The unit mix includes one-, two- and three-bedroom apartments, ranging in size from 712 square feet to 1,075 square feet. *** What's your opinion? Leave your comments below or send a letter to the editor. ...