Cedar Group Capital Purchases 1325 Kent Road Multifamily Property In Raleigh For $8.8M

The property asset involved in the transaction is a multifamily building located at 1325 Kent Road in Raleigh, NC. The sale price was $8,800,000, which translates to $137,500 per unit. The property consists of 64 units and has a total square footage of 33,753, equating to a price per square foot of $260.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $8,800,000
• Units: 64
• Price per Unit: $137,500
• Square Footage: 33,753
• Price per Square Foot: $260
• Buyer: Cedar Group Capital
• Seller: Enclave Holdings
• Buyer's Representative: Joseph Moskowitz - Rosewood Realty Group
• Seller's Representatives: Steve David & Jacob Vogel - Rosewood Realty Group

The key individuals in this transaction include Joseph Moskowitz representing the buyer, Cedar Group Capital, and the seller, Enclave Holdings, was represented by Steve David and Jacob Vogel, both from Rosewood Realty Group.