Pacific Urban Residential & California Public Employees' Retirement System Acquires Multifamily Property In Danvers, MA For $106.3M

A multifamily property located at 180 Newbury St in Danvers, MA has been sold for a total of $106,300,000. The property consists of 258 units, with each unit being sold at an average price of $412,016.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $106,300,000
• Address: 180 Newbury St, Danvers, MA
• Market: Danvers, MA
• Buyer: Pacific Urban Residential & California Public Employees' Retirement System - Al Pace
• Units: 258
• Price per Unit: $412,016

The acquisition of this multifamily property was made by Pacific Urban Residential and the California Public Employees' Retirement System, represented by Al Pace.