SAR Apartment Capital Acquires Multifamily Property In Gainesville For $16.25M

The multifamily property located at 604 SW 70th Ter in Gainesville has been sold in a recent transaction. The sale was facilitated by brokers Tom Huffsmith and Jad Richa from Capstone Apartment Partners.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $16,254,000
• Number of Units: 208
• Price Per Unit: $78,144
• Buyer: SAR Apartment Capital - Sam Jazayri & Abiel Ballesteros
• Seller: Banta Properties
• Brokers: Tom Huffsmith & Jad Richa - Capstone Apartment Partners

The buyer, SAR Apartment Capital represented by Sam Jazayri and Abiel Ballesteros, acquired the property from Banta Properties. The transaction involved a total of 208 units with a sale price of $16,254,000, resulting in a price per unit of $78,144.