David P. Zar, Shawn Hakimian, And Robert Johnson Sell Midwest Multifamily For $45M

A multifamily property located in the Midwest has been sold in a recent transaction. The property, consisting of over 500 units and spanning approximately 400,000 square feet, was sold for a price of $45,000,000. This amounts to an average price per unit of $90,000 and a price per square foot of $112.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $45,000,000
• Units: 500+
• Price per Unit: $90,000
• Square Footage: 400,000
• Price per Square Foot: $112
• Market: Midwest

The sale was facilitated by North Point Capital, represented by David P. Zar, Shawn Hakimian, and Robert Johnson. Aulder Capital, represented by Robert Johnson and John Reid, also participated in the transaction.