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Marina Point Apartments in Chesapeake sell for $14.15M

Property has 104 units

//February 25, 2022//

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Marina Point Apartments in Chesapeake sell for $14.15M

Marina Point Apartments in Chesapeake sell for $14.15M

Property has 104 units

//February 25, 2022//

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The complex in has sold for $14.15 million, brokerage firm announced Feb. 23.

MRKT Realty LLC acquired the property from a joint venture headed by Phil Capron, according to Marcus & Millichap.

The 104-unit multifamily property located at 1301 Canal Drive includes 13 buildings with one-, two- and three-bedroom units. The complex was built in 1965 and sits on 7.84 acres.

Altay Uzun, Justin Ferguson, Theo Jolley and David Chae, with Marcus & Millichap’s Virginia offices, listed and marketed the property on behalf of the seller. The listing team also secured the buyer.

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