Marcus & Millichap, a leading commercial real estate firm, recently announced the successful sale of Pepper Valley Apartments in Geneva, Illinois. The 80-unit apartment complex was sold at the list price by Senior Managing Director Ryan Engle and Senior Vice President Andrean Angelov from Marcus & Millichap’s Chicago Oak Brook office. Engle and Angelov also represented the buyer in this transaction.
Conveniently located at 2127 Pepper Valley Drive with easy access to Route 38, this property is just one and a half miles away from downtown Geneva and its Metra station. Originally built in 1974, it offers a mix of one-bedroom and two-bedroom units along with garage parking, ample parking space for residents’ vehicles as well as an on-site laundry facility.
The property attracted multiple qualified investors during several property tours conducted by Engle and Angelov before being placed under contract. This showcases their expertise in securing buyers for properties listed exclusively through Marcus & Millichap.
In other news related to commercial real estate transactions taking place around Illinois area – Connect Industrial Midwest will be hosting its annual event on March 5th ,2024 at Joe’s Live located in Rosemont,Illinois . For more information about this event or to register click here.
