Montium Acquires 161-Unit Multifamily In Wilmington, DE For $22.7M

The multifamily property located at 3314 Old Capitol Trail in Cranston Hall, Wilmington, DE has been sold. The transaction took place on April 27, 2022. The property consists of 161 units, and the sale price was $22,700,000, with a price per unit (PPU) of $140,994.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $22,700,000
• Date: April 27, 2022
• Address: 3314 Old Capitol Trail - Cranston Hall, Wilmington, DE
• Market: Wilmington, DE

The buyer of the property was Montium. Rittenhouse Realty Advisors, represented by Bob DiPasquale, Corey Lonberger, Ken Wellar, and Mark Duszak, served as the brokers involved in the deal.