Bob Horvath and Todd Tremblay of Marcus & Millichap Investment Real Estate Services of Boston were the sole brokers in the sale of Colonel Bell Apartments.
Colonel Bell Apartments is a 27-unit brick apartment building located in the west side of Brockton located directly across the street from a new elementary school on Colonel Bell Dr. The complex constructed in 1970 consists of three buildings on 1.09 acres that includes 11 one-bedroom units, 14 two-bedroom townhouses, and 2 two-bedroom units. The units are separately metered for heat and electric and offer onsite parking. The complex was sold for $2.155 million or $79,815 per unit. The buyer is Summit Properties LLC, and the seller was Colonel Bell Apartments LLC.
With more than 1,400 investment professionals in offices nationwide, Encino, Calif.-based Marcus & Millichap is one of the largest commercial real estate brokerages in the nation focusing exclusively on real estate investments. The firm has perfected a powerful system for marketing properties that combines product specialization; local market expertise; the industry's most comprehensive research and analysis capabilities; and state of the art technology.