Crescent Sky Acquires Multifamily Property In Tallahassee For $15.75M

205 White Drive in Tallahassee was recently sold for a total of $15,750,000. The property is a multifamily asset consisting of 256 units, making the per unit price $61,523. The sale was completed on March 31, 2021, with Crescent Sky purchasing the property from Raith Capital.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $15,750,000
• Address: 205 White Drive, Tallahassee
• Market: Tallahassee
• Units: 256
• Per Unit Price: $61,523
• Buyer: Crescent Sky
• Seller: Raith Capital
• Brokers: Matt Prozzillo - Agency, Ben Skinner - Agency

The sale was facilitated by brokers Matt Prozzillo and Ben Skinner, representing Crescent Sky and Raith Capital respectively.