Castle Lanterra Acquires Multifamily Property In Orange County For $34.3M

Castle Lanterra has purchased a multifamily property located at 7 Lakeside Rd. in Orange County. The transaction was facilitated by brokers Brian Whitmer, Adam Spies, Niko Nicolaou, Ryan Dowd, and Peter Welch from Cushman & Wakefield. The property consists of 102 units, with a sale price of $34,250,000. This equates to a per unit price of $335,784. The total square footage of the property is 85,800, resulting in a price per square foot of $399.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $34,250,000
• Address: 7 Lakeside Rd.
• Market: Orange County
• Buyer: Castle Lanterra
• Seller: Farrell Communites
• Broker: Brian Whitmer, Adam Spies, Niko Nicolaou, Ryan Dowd, and Peter Welch - Cushman & Wakefield
• Units: 102
• Price per Unit: $335,784
• Square Footage: 85,800
• Price per Square Foot: $399

In this transaction, Castle Lanterra acquired the multifamily property at 7 Lakeside Rd. in Orange County for a total amount of $34,250,000. The deal was facilitated by brokers Brian Whitmer, Adam Spies, Niko Nicolaou, Ryan Dowd, and Peter Welch from Cushman & Wakefield. The property consists of 102 units and has a total square footage of 85,800. The sale price per unit is $335,784 and the price per square foot is $399.