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August 4, 2020 Comments Off on D.C. Apartment Property Trades for $19M Views: 675 D.C. News, Top Washington, D.C., Washington, D.C. News

D.C. Apartment Property Trades for $19M

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Marcus & Millichap has arranged the $19.1 million sale of Griffin Apartments at Petworth Metro, a 49-unit apartment property nearby Washington, D.C.’s Georgia Avenue-Petworth metro station.

Built in 2011, the apartment property consists of one- and two-bedroom residences with community amenities that include an Amazon Hub package delivery system and an underground parking garage with 19 parking spaces.

Christian Barreiro and Marty Zupancic of Marcus & Millichap’s Washington, D.C. office represented the seller, an entity under the control of Donatelli Development, in the transaction. The buyer was Virginia-based private equity fund Viking Capital. The sale is second of two transactions in which Zupancic and Barreiro represented Donatelli Development in the Petworth Metro submarket in the past 12 months.

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