Whitney Capital Company Acquires Medford Multifamily For $17M

The multifamily property located at 500 Addison Pl. in Medford has been sold in a closed transaction. The sale took place on 12/02/2021, with a sale price of $17,000,000. The property consists of 112 units, resulting in a price per unit of $151,785. Additionally, the property spans 129,000 square feet, making the price per square foot $131.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $17,000,000
• Units: 112
• Price per Unit: $151,785
• Square Footage: 129,000
• Price per Square Foot: $131

The buyer of the property is Whitney Capital Company, while the seller is The Benjamin Companies. The deal was facilitated by brokers Jack Bick from Charatan Realty and Mike Tuccillo & Nick Tuccillo from Marcus & Millichap.