FPA Multifamily Acquires Multifamily Asset From Micozzi Management For $25.73M In Worcester

This multifamily asset, located at 5 Suburban Road in Worcester, MA, encompasses 92 units across a total square footage of 106,644. The property was sold for $25,725,000, resulting in a price per unit of $279,619 and a price per square foot of $241.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,725,000
• Units: 92
• Square Footage: 106,644
• Price Per Unit: $279,619
• Price Per Square Foot: $241
• Buyer: FPA Multifamily
• Seller: Micozzi Management
• Seller's Representative: Christopher Sower, Bruce Lusa, Mary VanNatta, Julie Regan, Ryan Mowery & An Nguyen - Cushman & Wakefield

This transaction was facilitated by multiple representatives from Cushman & Wakefield, marking a notable collaboration among experienced brokers in the deal's execution.