Shorelight RE & Olivella Properties Acquire Fitchburg Multifamily From Taymil Partners For $12.3M

Shorelight Real Estate and Olivella Properties have acquired a multifamily property located at 6 Mary Anna Drive in Fitchburg, MA. The property consists of 90 units with a total square footage of 544,644. The sale price for this transaction was $12,300,000, resulting in a per unit price of $136,667 and a price per square foot of $23.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $12,300,000
• Units: 90
• Price Per Unit (PPU): $136,667
• Square Footage (SF): 544,644
• Price Per Square Foot (PPSF): $23
• Address: 6 Mary Anna Drive, Fitchburg, MA

Cushman & Wakefield represented the seller, Taymil Partners, in this transaction. The seller's representatives included Christopher Sower, Jonathan Bryant, Bruce Lusa, John Flaherty, Kevin Jones, Julie Regan, and Mary VanNatta.