Lakeland Capital & Seabrook Real Estate Partners Acquire 130 Essex Street Multifamily For $36.4M

The transaction involved a multi-family property located at 130 Essex Street in South Hamilton, MA. The property consists of 209 units and encompasses a total area of 194,391 square feet. The sale was completed for a total of $36,400,000, with a per unit price of $174,162 and a price per square foot of $187.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $36,400,000
• Units: 209
• Price Per Unit: $174,162
• Square Feet: 194,391
• Price Per Square Foot: $187
• Buyer: Lakeland Capital & Seabrook Real Estate Partners
• Seller: Gordon-Conwell Theological Seminary
• Seller's Representative: Christopher Sower, Bruce Lusa, Andrew Herald, Mary VanNatta, Ryan Mowery, An Nguyen & Julie Regan - Cushman & Wakefield

The buyers, Lakeland Capital and Seabrook Real Estate Partners, engaged in this transaction with the guidance of various representatives from Cushman & Wakefield, indicating a well-coordinated effort in navigating the acquisition process. The involvement of multiple representatives signifies a robust support system for the seller, Gordon-Conwell Theological Seminary, during the transaction.