Specialized Property Group Acquires Multifamily Asset In Pepperell, MA For $1.2M

A multifamily property located at 97 Groton Street in Pepperell, MA has been sold for a price of $1,200,000. The property consists of 11 units, with an average price per unit of $109,091. The total square footage of the property is 8,925, resulting in a price per square foot of $134. Despite market headwinds, strongly positioned multifamily assets like this continue to sell.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,200,000
• Units: 11
• Price per Unit: $109,091
• Square Footage: 8,925
• Price per Square Foot: $134
• Address: 97 Groton Street, Pepperell, MA
• Market: Pepperell, MA

The buyer of the multifamily property is Specialized Property Group, represented by Ryan Corcoran. The transaction was facilitated by broker Nick Jasinski. This sale demonstrates the ongoing demand for well-positioned multifamily assets in the market.