Sean Thompson Acquires Multifamily Property From Gordon MacLean In Niceville For $17.7M

The multifamily property located at 500 Kelly Mill Road & 4600 Range Road in Niceville, FL, was sold for $17,700,000. This property consists of 120 units with a price per unit of $147,500. The total square footage of the property is 111,262, with a price per square foot of $159.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $17,700,000
• Units: 120
• Price Per Unit: $147,500
• Square Footage: 111,262
• Price Per Square Foot: $159
• Address: 500 Kelly Mill Road & 4600 Range Road, Niceville, FL
• Market: Niceville, FL

Sean Thompson was the buyer, while Gordon MacLean was the seller in this transaction. The brokers involved in the deal were Kevin Kohler and Peter Hager from KW Commercial, who assisted the Empire Builder Capital team throughout the sale.