Multifamily.

The apartment market has been hot in the St. George area.  While most of the activity has centered around construction of new apartment or student housing properties, investment deals have been hard to come by.  The Boulevard North Apartments, a 24 unit apartment building in downtown St. George built in 1985, had 6,218 online showings in the process of finding a buyer.

Jon and Neil Walter with NAI Excel represented the Seller in the transaction.  Jon said, “We generated a lot of interest in this property.  The marketing systems we use are designed to maximize exposure and generate the highest potential interest for our clients.”  Neil added, “We were thrilled to be working on this transaction with the Sellers.  They provided us the information and access we needed to get their property positioned correctly and sold.”

The property closed in early November to a buyer out of Northern Utah.  NAI Excel and NAI Vegas serves clients along the I-15 corridor from Las Vegas to Lehi.  The firm specializes in commercial, industrial, and investment real estate.