SOLD
Aker Acquires Abbot Mill Apartments In Westford From Yule Development For $46.7M
2 Abbot Mill Lane
MultiFamily
Sold 17 days ago
Summary
Sale
MASSACHUSETTS
MultiFamily
Abbot Mill Apartments, situated in Westford, MA, has been acquired by Aker for $46,695,000. The property, which dates back to the 1870s, spans 7 acres and features more than 230 apartments. Additionally, the amenities include a clubhouse with fitness and recreation facilities.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $46,695,000
- Address: 2 Abbot Mill Lane
- Market: Westford, MA
- Seller: Christopher Yule - Yule Development
- Lender: JLL Real Estate Capital
Aker was the buyer in this transaction, while Yule Development, represented by Christopher Yule - Yule Development, was the seller. JLL Real Estate Capital provided the financing for the deal.
Players
All
1
Lenders
1
Details
SOLD
IMAGE: Christopher Yule
DATE: 04/17/2024
ADDRESS: 2 Abbot Mill Lane
MARKET: Westford, MA
ASSET TYPE: Multifamily ~ ACRES: 7
BUYER: Aker
SELLER: Christopher Yule - Yule Development
LENDER: JLL Real Estate Capital
SALE PRICE: $46,695,000
NOTE: Yule Development has sold Abbot Mill Apartments in Westford, along with adjacent properties, to Aker for $46,695,000, with Aker assuming a $49,033,000 loan from JLL Real Estate Capital. Dating back to the 1870s, Abbot Mill offers over 230 apartments set on 7 acres, featuring amenities like a clubhouse with fitness and recreation facilities.View on map
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Address2 Abbot Mill Lane
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