Marc Abou-Ezzi Of Ezzi Property Group Acquires Multifamily Asset From Jeff Bruce For $17.5M

The property asset involved in this transaction is a multifamily building located at 1 Iris Court, Acton, MA. The transaction was completed at a sale price of $17,500,000. This building comprises 68 units across a total of 50,000 square feet, resulting in a price per unit of $257,352 and a price per square foot of $350.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $17,500,000
• Units: 68
• Square Feet: 50,000
• Price Per Unit: $257,352
• Price Per Square Foot: $350
• Buyer: Marc Abou-Ezzi - Ezzi Property Group
• Seller: Jeff Bruce - True North Capital Partners
• Broker: Carl Christie

The key individuals involved in this deal include buyer Marc Abou-Ezzi representing Ezzi Property Group and seller Jeff Bruce representing True North Capital Partners. The transaction was facilitated by broker Carl Christie, who played a pivotal role in the negotiation process.