Sean Gallagher Acquires MultiFamily In Lebanon, IN For $7.6M

The property at 451 North Lebanon Street in Lebanon, IN is a luxury apartment building that was sold for $7,600,000. The asset consists of 39 units, with a price per unit of $194,872. The sale was facilitated by CBRE, with brokers Cameron Benz, Claire Bullard, George Tikijian, Hannah Ott, and Ryan Stockamp representing the seller in the transaction. The buyer, Sean Gallagher from Iron Men Properties, acquired the apartment building in Indiana.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $7,600,000
• Units: 39
• Price Per Unit: $194,872
• Market: Lebanon, IN
• Buyer: Sean Gallagher
• Brokers: Cameron Benz, Claire Bullard, George Tikijian, Hannah Ott & Ryan Stockamp - CBRE

The CBRE team, led by Cam Benz, managed the marketing campaign of the property, which attracted strong buyer interest amidst Lebanon's downtown growth driven by the LEAP District and Eli Lilly's investment. The sale of 451 Lebanon to investor Sean Gallagher signifies a successful transaction in the vibrant real estate market of Indiana.