Topaz Capital Group Acquires 158-Unit Multifamily Property In Tallahassee For $19.2M

The recently closed property transaction in Tallahassee involved a multifamily asset located at 2711 Allen Rd. This property, consisting of 158 units, was sold by Joe Brennan and Elliot Sealove to the buyer, Topaz Capital Group. The deal was facilitated by the brokers Jad Richa, Brian Hunsicker, Tom Huffsmith, and Cameron Hooper from Capstone Companies. The transaction took place on 06/15/2022, with the sale price amounting to $19,180,000. The property spans a total of 133,086 square feet, resulting in a price per square foot of $144. The market in which this property is situated is Tallahassee.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $19,180,000
• Address: 2711 Allen Rd, Tallahassee
• Number of Units: 158
• Price per Unit: $121,392
• Total Square Footage: 133,086
• Price per Square Foot: $144

Jad Richa, Brian Hunsicker, Tom Huffsmith, and Cameron Hooper of Capstone Companies played a pivotal role in representing the respective parties involved in this transaction. Their expertise and efforts contributed to the successful completion of the sale. It is noteworthy that Topaz Capital Group emerged as the buyer, while Joe Brennan and Elliot Sealove acted as the sellers in this deal.