WASHINGTON DC – GlobeSt.com exclusively reports that Marcus& Millichap has brokered the sale of the 49-unit, GriffinApartments at Petworth Metro in Washington DC. The multifamilybuilding sold to the Virginia-based, private equity fund, VikingCapital for $19.1 million; representing a $390,306 price per unitand a 4.68% cap rate.
Built in 2011 and located near the Georgia Avenue-Petworth metrostation, Griffin Apartments features luxury one- and two-bedroomfloorplans, an Amazon Hub package delivery system and a 19-space,underground parking garage.
Marcus & Millichap's senior associate, Christian Barreiroand first VP of investments, Marty Zupancic brokered the salebetween the buyer and the seller, an entity under the control ofDonatelli Development.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
