Crescent Sky Capital Acquires Multifamily Property In Lake City For $7.3M

The multifamily property located at 612 & 738 Southwest Amberwood Loop in Lake City has been sold. Spanning across 6.89 acres, this property offers a prime investment opportunity in the area.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,310,000
• Address: 612 & 738 Southwest Amberwood Loop, Lake City
• Market: Lake City
• Asset Type: Multifamily
• Acres: 6.89

The buyer of this property is Crescent Sky Capital, while the seller is Amberwood Hills Apts, LLC. The deal was facilitated by the brokers Duane Anderson, Jason Hauge, Ned Roberts, and Sebastian Harris from Marcus & Millichap.

The property consists of 101 units, with a price per unit (PPU) of $72,376. This transaction represents a significant investment in the Lake City market and showcases the confidence of both the buyer and seller in the potential of the property.