Paredim Partners Acquires Centennial Apartments In Farmington For $18.8M

The Centennial Apartments, a 101-unit multifamily property located at 5 Spring Lane in Farmington, Connecticut, has been sold for a total of $18.8 million. The sale price equates to approximately $186,138 per unit.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $18,800,000
• Address: 5 Spring Lane, Farmington, Connecticut
• Market: Hartford, CT
• Buyer: David Parisier - Paredim Partners
• Seller: Kevin Chance - Mystic Property Management Inc
• Units: 101
• Price Per Unit (PPU): $186,139

Paredim Partners, represented by David Parisier, has acquired the Centennial Apartments from Kevin Chance, who was represented by Mystic Property Management Inc. This transaction marks a significant investment in the Farmington, Connecticut real estate market.