The sale price equates to $82.21 per square foot. The building has four, three-story brick buildings with a leasing office.

The assessed value of the property is $1.752 million, according to public documentsaccessed by GlobeSt.com.Steve Rahe and Craig Stack of CB Richard Ellis represented the sellers in the transaction. This deal brings their year-to-date apartment sales volume to $18 million and 400 units.

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