Charter Hall Ventures Acquires Salisbury Multifamily For $24.5M

The Benchmark Group has sold a multifamily property located at 701 College Lane in Salisbury, MD. The property consists of 168 units and was sold for a total price of $24,500,000, resulting in a price per unit of $145,833. The transaction was completed on 11/30/2022.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $24,500,000
• Address: 701 College Lane, Salisbury, MD
• Market: Salisbury, MD
• Buyer: Charter Hall Ventures
• Seller: The Benchmark Group
• Brokers: Drew White & Carter Wood - Berkadia
• Units: 168
• Price per Unit: $145,833

Drew White and Carter Wood from Berkadia represented both the buyer, Charter Hall Ventures, and the seller, The Benchmark Group, in this transaction.