TerraCap Management Acquires Morrisville Multifamily For $99.7M

The multifamily property located at 200 Wind River Pkwy in Morrisville, NC has been sold in a closed transaction. The property consists of 346 units and was sold for a total price of $99,700,000, which equates to an average price per unit of $288,145. The sale was completed on 08/10/2022.

Summary of Transaction Details:

• Property Type: Multifamily
• Transaction Amount: $99,700,000
• Address: 200 Wind River Pkwy, Morrisville, NC
• Market: Morrisville, NC
• Buyer: TerraCap Management - Steve Good
• Seller: Kettler
• Units: 346
• Price per Unit (PPU): $288,145

TerraCap Management, represented by Steve Good from their agency, finalized the purchase of the property from Kettler. The sale marks a significant transaction in the Morrisville market, demonstrating the continued interest in multifamily assets within the area.