Lincoln Glens Apartments Sell for $6.3 Million

The Lincoln Glens Apartments have been purchased by the Lincoln Glens LLC, a Deleware corporation, for $6.375 million. Lincoln Property Company No. 2184 LP was the seller of the property.

The complex, which is located at 6732 S. Peoria Ave. consists of 224 units in 14 buildings, totaling 174,726 SF. The apartments sit on 321,037 SF and were built in 1982. The property appraised for $4,598,000 in 2005.

The community features gated access, a swimming pool, a clubhouse, and meeting facilities. The average sales price, per unit, of the complex was $28,460.

Gary Krisman and Royce Wright of Tooman Partners LLC were the brokers for the buyer of the complex. John Volle of First Commercial Real Estate Brokerage Services represented the sellers.

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