Highland Real Estate Partners Acquires Lakeview Multifamily For $6.25M

The multifamily property located at 855 West Grace Street & 922 West George Street in Lakeview has been sold. The property consists of 24 units with a total square footage of 20,150. The sale price for the property was $6,250,000, resulting in a price per unit of $260,417 and a price per square foot of $310.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,250,000
• Units: 24
• Price per Unit: $260,417
• Square Footage: 20,150
• Price per Square Foot: $310
• Market: Lakeview

The buyer for this transaction was Highland Real Estate Partners, while the seller was Golub & Company. The buyer was represented by Ben Conte and Stephen "Steve" Rachman from Marcus & Millichap, while the seller was represented by Kyle Stengle, also from Marcus & Millichap.