Menlo Manor 2 & 3 Apartments is a 75-unit multi-family apartment complex. This two-property portfolio sold at a 5.9% cap rate at a price of $6,656,000. The property consists of five separate buildings on 3.25 acres of land located in the Carson City region. Ben Galles, the head of the GALLES Multi-Family Investment Group, ran a thorough and professional marketing process working through multiple offers throughout the listing term including various buyer profiles, while always being protective of the seller’s interests in order to achieve the highest price possible. This was a successful conclusion for the seller.
Ben Galles of the GALLES Multi-Family Investment Group completed the largest multi-family sale in the northern Nevada area for the month of July 2019.