Marina Point Apartments in Chesapeake sell for $14.15M
Property has 104 units
The Marina Point Apartments complex in Chesapeake has sold for $14.15 million, brokerage firm Marcus & Millichap 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.