Newmark Grubb Zimmer Arranges Sale of 88 Unit Multifamily Portfolio

APRIL 13, 2018
Newmark Grubb Zimmer Arranges Sale of 88 Unit Multifamily Portfolio in Belton, Missouri

Kansas City, MO – The Newmark Grubb Zimmer team of Michael VanBuskirk, SIOR, CCIM, CRE, and Chris Robertson, CCIM successfully brokered the sale of an 88 unit multifamily portfolio located at 200-207 Hargis Street, 200-210 N Oak Drive, 109-113 Shady Lane, 200-205  Sunny Circle, 108-215 Sunny Drive, in Belton, Missouri. The portfolio was 82% occupied at the time of the sale. Constructed in 1960, the portfolio provides affordable housing for Belton residents. Utilizing an aggressive marketing strategy, the Newmark Grubb Zimmer team was able to generate significant interest and sell this asset on behalf of a local private investor group. The buyer of the portfolio was a local investment company.

 

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