Aldon Management Corp Acquires Multifamily In Fuquay-Varina, NC For $129.3M

The multifamily property located at 141 Stobhill Ln in Fuquay-Varina, NC has been sold for a price of $129,300,000. The property consists of 384 units, resulting in a per unit price of $336,719.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $129,300,000
• Address: 141 Stobhill Ln, Fuquay-Varina, NC
• Market: Fuquay-Varina, NC
• Units: 384
• Price Per Unit: $336,719

The buyer of the property is Aldon Management Corp, while the seller is Signature Property Group. The transaction was facilitated by a team of brokers including Alex McDermott, Austin Green, Caleb Troop, Thomas Colaiezzi, Jourdan Sullivan, and Travis Cundiff from Capstone Apartment Partners.