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Logan—The Ogden office of Cushman & Wakefield | Commerce today announced an apartment transaction of Twin Creek Apartments in Logan.
“We are seeing a large demand from investors for multifamily projects.” said Robert Lindsey, branch manager and investment specialist at Cushman & Wakefield | Commerce. “This apartment was one of the larger transactions in Cache Valley this year. It supports the assumption that investment funds are available and well-positioned properties are being sold quickly.”
The apartment complex is called Twin Creek Apartments and located in Logan, Utah. It has 123 units. The buyer was FRUP Logan LLC and the seller was Misty Rentals, Mindy Rentals and Julie Jensen. The broker was Rob Lindsey, who represented both sides of the transaction.
According to a representative for Cushman & Wakefield | Commerce, the property sold so quickly, there was not time to make a marketing brochure on the apartment complex, and the transaction was one of the largest in Cache Valley this year to date.