Community Solutions Acquires The Park At Fenentino Multifamily In Charlotte For $30.8M | 8061 Woodscape Drive | Andrea Howard | MultiFamily | Sale

Summary

Sale

NORTH CAROLINA

MultiFamily

The Park at Fenentino, a Charlotte-based affordable rental community, has been sold in a closed transaction. The multifamily property, located at 8061 Woodscape Dr in Charlotte, NC, was purchased by the non-profit housing fund Community Solutions. The sale was facilitated by NorthMarq, represented by Andrea Howard, who led a team of brokers. The seller, Scott Zucker, is affiliated with Stonecutter Capital.

Summary of transaction details

Property Type: Multifamily
Sale Price: $30,800,000
Units: 216
Price Per Unit (PPU): $142,593
Date: 01/09/2024
Market: Charlotte, NC

Andrea Howard, from NorthMarq, played a key role in the sale of The Park at Fenentino. The property, consisting of 216 units, was acquired by Community Solutions for a total of $30.8 million. This transaction marks a significant investment in the affordable housing sector of Charlotte, benefiting the local community.

Players

All
2

Agents
1
Agencies
1

Andrea Howard

Managing Director

$1B Sold

NorthMarq

Details

Deal Summary

SOLD

IMAGE: Andrea Howard DATE: 01/09/2024 ADDRESS: 8061 Woodscape Dr MARKET: Charlotte, NC ASSET TYPE: Multifamily BUYER: Community Solutions SELLER: Scott Zucker - Stonecutter Capital BROKER: Andrea Howard - NorthMarq (@Northmarq) SALE PRICE: $30,800,000 UNITS: 216 ~ PPU: $142,593 NOTE: Northmarq, represented by a team led by Andrea Howard, facilitated the sale of The Park at Fenentino, a Charlotte-based affordable rental community, to the non-profit housing fund Community Solutions for $30.8 million.

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Address8061 Woodscape Drive

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