Bayshore Properties Acquires Mount Prospect Multifamily For $50M

Bayshore Properties has acquired a multifamily property located at 1958 West Algonquin Road in Mount Prospect. The property, consisting of 344 units, was sold by Pepper Pike Capital Partners. The transaction, facilitated by Tyler Hague and Lauren Stoliar from Colliers, had a sale price of $50,000,000. This equates to a price per unit of $145,349.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $50,000,000
• Date: 06/22/2022
• Address: 1958 West Algonquin Road
• Market: Mount Prospect

Bayshore Properties, represented by Tyler Hague and Lauren Stoliar from Colliers, successfully completed the acquisition of the multifamily property. Pepper Pike Capital Partners acted as the seller in this transaction. The deal, which took place on 06/22/2022, involved a total of 344 units with a sale price of $50,000,000. The property is located at 1958 West Algonquin Road in Mount Prospect.