Berkadia Facilitates $40.6M Sale Of 290-Unit Multifamily Community In Augusta, GA

MacArthur Park is a 290-unit garden-style multifamily community located at 101 Little Rock Road in Augusta, Georgia. The property was sold for $40,600,000, trading at a price per unit of $140,000 and $168 per square foot. At the time of sale, the asset was 91% occupied.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $40,600,000
• Units: 290
• Price Per Unit: $140,000
• Address: 101 Little Rock Road
• Market: Augusta, GA
• Brokers: Erika Maston, Dave Lansbury, Jim Sewell & Christian DiCroce - Berkadia

Berkadia's Charleston team arranged the sale of MacArthur Park, representing the seller in this transaction. The property, constructed in 2022, stands as a recently developed asset in the market.