Hixson Apartment Complex Sells For $32.5 Million

Friday, January 03, 2014

A Hixson apartment complex has been sold for $32.5 million.

The property is Marina Pointe Apartments at 5720 Lake Resort Dr.

Chattanooga Marina Pointe Holdings is listed as the buyer.

The seller is Marina Pointe Partners Llc, Brookside Marina Pointe Partners Llc, Bpi Fund Llc, Chw Partners Llc.

One-bedroom apartments at the complex on Lake Chickamauga rent for $699 to $859. Two-bedroom units are from $947 to $1,099. Three bedrooms are from $1,145 to $1,299.

A conversion from apartments to condos was tried several years ago, but that effort failed.




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