Paredim Partners Acquires Centennial Apartments In Farmington For $18.8M | 5 Spring Lane | MultiFamily | Sale

Summary

Sale

CONNECTICUT

MultiFamily

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.

Details

Deal Summary

SOLD

IMAGE: David Parisier DATE: 10/23/2023 ADDRESS: 5 Spring Lane MARKET: Hartford, CT ASSET TYPE: Multifamily BUYER: David Parisier - Paredim Partners SELLER: Kevin Chance - Mystic Property Management Inc SALE PRICE: $18,800,000 UNITS: 101 ~ PPU: $186,139 NOTE: Paredim Partners has acquired the Centennial Apartments, a 101-unit property in Farmington, Connecticut, for $18.8 million, equating to $186,138 per unit.

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Address5 Spring Lane

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