Institutional Property Advisors Exclusively Offers Multifamily Asset for Sale in Nashville Metro Area
June 09, 2026
CLARKSVILLE, Tenn., June 9, 2026 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, announced today the exclusive listing for sale of Sango Ridge, a 94-unit, fully stabilized townhome-style asset located across the street from a new Publix-anchored shopping center in Clarksville, Tennessee. The price is open bid.
“Over the last five years Clarksville’s population has grown 15.5%, and nearby Nashville is expected to add about 143,000 people over the next five years, which will contribute to the formation of approximately 63,000 households,” said David Stollenwerk, IPA managing director investments. Stollenwerk and Christian Farris of Marcus & Millichap are representing the seller, Gwaltney Communities.
Clarksville’s major employers include Hankook Tire, LG Electronics, Google, Trane Technologies, Agero, Vanderbilt Clarksville Hospital, and Microvast Inc. The city has 15.4 million square feet of retail, 3.5 million square feet of office, and 18.8 million square feet of industrial space.
Completed in 2025 on nearly nine acres, Sango Ridge has a unit mix of two- and three-bedroom floor plans that average 1,265 square feet. Apartments have nine-foot ceilings, washers and dryers, walk-in closets, and private backyard patios.
“Over the last five years Clarksville’s population has grown 15.5%, and nearby Nashville is expected to add about 143,000 people over the next five years, which will contribute to the formation of approximately 63,000 households,” said David Stollenwerk, IPA managing director investments. Stollenwerk and Christian Farris of Marcus & Millichap are representing the seller, Gwaltney Communities.
Clarksville’s major employers include Hankook Tire, LG Electronics, Google, Trane Technologies, Agero, Vanderbilt Clarksville Hospital, and Microvast Inc. The city has 15.4 million square feet of retail, 3.5 million square feet of office, and 18.8 million square feet of industrial space.
Completed in 2025 on nearly nine acres, Sango Ridge has a unit mix of two- and three-bedroom floor plans that average 1,265 square feet. Apartments have nine-foot ceilings, washers and dryers, walk-in closets, and private backyard patios.
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About Institutional Property Advisors (IPA)
Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit www.institutionalpropertyadvisors.com.