Audubon Capital Partners Acquires Multifamily Property In Lebanon, NH For $69.2M

Situated at 6 Timberwood Drive in Lebanon, NH, the recently sold property is a multifamily asset consisting of 252 units spread across 42 acres. The transaction took place on February 26, 2021, with a sale price of $69,200,000. This equates to a per unit price of $274,603, and a price per acre of $1,647,619. The property, marketed in Lebanon, NH, was purchased by Audubon Capital Partners from Merion Realty Partners.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $69,200,000
• Units: 252
• Price per Unit: $274,603
• Acres: 42
• Price per Acre: $1,647,619
• Seller: Merion Realty Partners
• Buyer: Audubon Capital Partners
• Brokers: Simon Butler, Biria St. John, & John McLaughlin - CBRE

Captained by Simon Butler, Biria St. John, and John McLaughlin of CBRE, the deal was successfully facilitated. The involvement of these brokers ensured a smooth transaction between the seller, Merion Realty Partners, and the buyer, Audubon Capital Partners. Their expertise and negotiation skills played a vital role in the completion of this multifamily property deal at 6 Timberwood Drive in Lebanon, NH.