Northmarq’s Midwest Multifamily Investment Sales team completes $27.4M sale of The Landing of Clinton

CLINTON, Iowa — Northmarq’s Midwest Investment Sales team led by Parker Stewart, Anthony Martinez, Alex Malzone, and Dominic Martinez successfully completed $27.4 million sale of The Landing of Clinton, a 190-unit multifamily housing community located at 2582 Friendship Trail in Clinton, Iowa.

Northmarq represented the Iowa-based seller. The buyer was Axiom Properties, Inc.

“Landing of Clinton received significant interest from investors across the country, as demonstrated by the 17 offers submitted," said A. Martinez. "The strong demand was driven by the property’s strategic location, the quality of the asset, and its proximity to major employers in Clinton and neighboring communities within eastern Iowa.”

Built between 2016 and 2019, the Landing of Clinton is a 190-unit luxury community of apartments and townhomes. The property offers a desirable mix of one-, two- and three-bedroom floorplans including a washer and dryer, stainless steel appliances, granite countertops, wood-look flooring, large floorplans (1,198 property average sq. ft.), and detached garages.

Community amenities include high-speed internet, a swimming pool and private cabanas, a resident clubhouse with a party room, kitchen and pool access, a well-equipped fitness center, an on-site dog park, a pet washing station, a playground and a picnic area and grill.

The Landing of Clinton is a highly desirable community that provides direct access to Clinton’s major employers, retailers, entertainment, and other economic drivers.