Marcus & Millichap recently closed the sale of Villas of Jeffersonville, a 264-unit Class A apartment complex located at 3001 Peach Blossom Drive in Jeffersonville, Indiana. The asset sold for $51.48 million, equating to $195,000 per unit and a 4.7 cap rate. Representing the seller Denton Floyd Real Estate Group was David Badgett Jr., first vice president of investments at Marcus & Millichap; Josh Caruana assisted in closing the transaction as Broker of Record in Indiana for Marcus & Millichap while procuring the buyer Peach Blossom LLC.
The property is conveniently situated close to Interstate 65 and only five minutes from River Ridge Commerce Center – an 8,000-acre industrial park – with downtown Louisville being just 10 minutes away by car or other means of transportation . Tommy Floyd co-founder and partner at Denton Floyd commented: “Denton Floyd is committed to continuing its efforts toward building high-end housing for citizens across Southern Indiana”
This successful sale highlights Marcus & Millichaps’ expertise when it comes to multifamily transactions within Greater Louisville area as well as their commitment towards providing clients with exceptional service throughout every step on their journey towards achieving real estate goals
