Cottage At North Beach 2022 LLC Acquires Multifamily Property On Atlantic Beach For $6.45M

The multifamily property located at 102 Aquatic Drive in Atlantic Beach has been sold for a total of $6,450,000. The transaction took place on July 1, 2022, and the property spans across 1.67 acres. The 23 units within the property were sold at an average price of $280,435 per unit.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $6,450,000
• Address: 102 Aquatic Drive
• Market: Atlantic Beach
• Acres: 1.67
• Buyer: Cottage at North Beach 2022 LLC
• Seller: TBR Aquatic Owner LLC
• Units: 23
• Price per Unit: $280,435

Cottage at North Beach 2022 LLC has successfully acquired the property at 102 Aquatic Drive from TBR Aquatic Owner LLC. The buyer was represented by their broker in the deal, 's REP, of the agency. The transaction marks a significant milestone for both the buyer and the seller in the real estate market of Atlantic Beach.