Olive Tree Holdings & North Point Capital Group Sell Atlanta Multifamily For $25M

Olive Tree Holdings and North Point Capital Group have sold a multifamily property located at 445 Cleveland Avenue in Atlanta. The property consists of 200 units with a total area of 194,420 square feet. The sale was completed on February 25, 2022, with a sale price of $25,000,000. This translates to a price per unit of $125,000 and a price per square foot of $129.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $25,000,000
• Units: 200
• Price per Unit: $125,000
• Square Feet: 194,420
• Price per Square Foot: $129

The sale of this multifamily property was facilitated by David P. Zar and Shawn Hakimian who represented the sellers, Olive Tree Holdings and North Point Capital Group. Their expertise and negotiation skills helped to secure the successful transaction.