Next Wave Investors sells 95-unit Park Station in Midvale, UT

Next Wave Investors sells 95-unit Park Station in Midvale, UT

Next Wave Investors sells 95-unit Park Station in Midvale, UT 400 107 Next Wave Investors

Midvale–Next Wave has sold Park Station Apartments, a 95-unit transit-oriented multifamily property in the Salt Lake City submarket of Midvale, Utah to a California-based private investment company.

“This was a repeat buyer, which speaks to the quality of our properties and our relationships,” says Sloan. “After acquiring the asset in July of 2018 and implementing a series of strategic value-add renovations, we were able to sell at an approximate 40% increase and achieve a seamless transaction with a trusted entity.”

Article Source: Utahbusiness.com