The Wilmington Portfolio in Wilmington, consisting of three properties located at 1147 Broad Avenue, 822 North Marine Avenue, and 920 North Avalon Place, has been sold. The multifamily asset, represented by Neema Ahadian and Leo Laterza from The Neema Group, was sold on 12/23/2019 for a total price of $8,680,000. The property encompasses a total of 34,862 square feet, with a price per square foot of $248.98. It features 62 units, with an average price per unit of $140,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,680,000
• Address: 1147 Broad Avenue, 822 North Marine Avenue, 920 North Avalon Place, Wilmington
• Market: Wilmington
• Represented by: Neema Ahadian & Leo Laterza from The Neema Group
• Square Footage: 34,862
• Price per Square Foot: $248.98
• Number of Units: 62
• Price per Unit: $140,000

Neema Ahadian and Leo Laterza from The Neema Group were the brokers representing the buyers and sellers in this transaction.