West Shore Acquires Multifamily Property In Gainesville From Evergreen Residential LLC For $76.9M

An asset involving a multifamily property located at 3780 NW 24th Blvd in Gainesville has been sold. The property, comprising 322 units, was sold for a total price of $76,900,000, which equates to an average price per unit of $238,820. The property spans a total square footage of 478,542, resulting in a price per square foot of $161.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $76,900,000
• Units: 322
• Price per Unit: $238,820
• Square Footage: 478,542
• Price per Square Foot: $161
• Address: 3780 NW 24th Blvd, Gainesville

The buyer of the property is West Shore, while Evergreen Residential LLC acted as the seller. The transaction was facilitated by broker Jay Weiner from Rosewood Realty Group.